BROWN STATEMENT ON CBO SCORE ON SENATE HEALTHCARE PLAN
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BROWN STATEMENT ON CBO SCORE ON SENATE HEALTHCARE PLAN
Independent Congressional Scorekeeper Predicts Senate Bill Would Increase Premiums by 20 Percent Next Year,
Ohioans Will Pay Higher Out-of-Pocket Costs,
According to the CBO, the
The CBO also estimates a
"The report only underscores what we already know: this bill hurts working families and raises prices on Ohioans. It hands billions of dollars in tax breaks to the very same drug companies that have price gouged Ohioans and contributed to the opioid epidemic, while taking away
Key quotes from the CBO:
* "Under the
* "CBO and JCT expect that this legislation would increase the number of uninsured people substantially. The increase would be disproportionately larger among older people with lower income--particularly people between 50 and 64 years old with income of less than 200 percent of the federal poverty level..."
* "Under current law, a 64-year-old can generally be charged premiums that cost up to three times as much as those offered to a 21-year-old. Under this legislation, that allowable difference would shift to five times as much unless a state chose otherwise."
* "Insurance covering certain services would become more expensive--in some cases, extremely expensive--in some areas because the scope of the EHBs would be narrowed through waivers affecting close to half the population, CBO and JCT expect."
* If premiums go down, it will be because insurance plans don't cover as much as they do today and out of pocket costs will go up: "That share of services covered by insurance would be smaller because the benchmark plan under this legislation would have an actuarial value of 58 percent beginning in 2020. To design a plan with an actuarial value of 60 percent or less and pay for those high-cost services, insurers must set high deductibles--that is, the amounts that people pay out of pocket for most types of health care services before insurance makes any contribution."...
"Premiums for a plan with an actuarial value of 58 percent are lower than they are for a plan with an actuarial value of 70 percent (the value for the reference plan under current law) largely because the insurance pays for a smaller average share of health care costs."
* "Moreover, the ACA's ban on annual and lifetime limits on covered benefits would no longer apply to health benefits not defined as essential in a state. As a result, for some benefits that might be removed from a state's definition of EHBs but that might not be excluded from insurance coverage altogether, some enrollees could see large increases in out-of-pocket spending because annual or lifetime limits would be allowed."


Thune Statement on CBO’s Report on the Senate Health Care Discussion Draft
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