Alexander: CBO Says Alexander-Murray Bill Will Put Rebates in Americans’ Wallets, Will Not Bailout Insurance Companies
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Alexander: CBO Says Alexander-Murray Bill Will Put Rebates in Americans' Wallets, Will Not Bailout Insurance Companies
"The Alexander-Murray proposal would reduce the federal deficit by
"The president has said repeatedly,
He added: "The Alexander-Murray proposal would reduce the federal deficit by
On benefits going to patients:
"We have language in our proposal to make sure that benefits go to consumers and to taxpayers and not to insurance companies, and we asked the
"So the
On benefits going to taxpayers:
"This is what the
"In other words, the Alexander-Murray proposal would reduce federal spending by
On new plan choices:
"There is a provision in the bill for a catastrophic plan. That is a new insurance plan for people over the age of 29 that would have lower premiums and higher deductibles, but it would allow people to afford an insurance policy so a medical catastrophe didn't turn into a financial catastrophe.
"CBO estimates that 'making catastrophic plans part of a single risk pool would slightly lower premiums for other non-group plans because the people who enroll in catastrophic plans tend to be healthier on average than other non-group market enrollees.' A major objective, I think, of all of us is to attract more young, healthy people into the pool as a way of lowering rates for everybody.
"As a result of the slightly lower estimated premiums, CBO and JCT expect that federal costs for subsidies purchased through marketplaces established under the Affordable Care Act would decline by about
On process:
"The bill is cosponsored by 12 Republican senators and 12 Democratic senators -- not many pieces of legislation come to the floor with that support. And the reason we accelerated work on it was that
"It does not bail out insurance companies. It does benefit consumers. It does benefit taxpayers to the tune of
"The ball is in the hands of the
"I'm hopeful that something that has this kind of analysis-- that it doesn't bail out insurance companies, that avoids a big increase to the federal debt, that makes certain that people will be able to buy insurance for the next couple of years, that begins to lower premiums that almost all
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