CBO: Health bill would reduce premiums on average

AP News
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Posted: Nov 30, 2009 2:29 PM

Congressional budget experts say the health care bill on the Senate floor would lower the average price of insurance premiums if it passes, although millions would face higher costs.

According to the Congressional Budget Office, the legislation would raise premiums on non-group policies by an average of 10 percent to 13 percent before figuring in the federal subsidies that are designed to defray the cost of coverage. Once the government aid is included in the calculations, average premiums would be as much as 59 percent lower than is now the case.

The CBO says the bill would have a far smaller impact on the cost of small group and large group insurance.