Yesterday's Washington Examiner reported that the Congressional Budget Office (CBO) has released figures showing that health insurance costs will rise if the current healthcare bill is passed. Roughly 43 percent of the American people would be paying more for their health insurance. Everyone's premiums would increase, but 57 percent of Americans would recieve government subsidies to cover the increase in premiums. Where does the money come from to finance the government subsidies--the taxpayers. We get hit coming and going!
The CBO also reports that 19 percent of people with private insurance plans would be hit by the 'luxury tax' on those plans. All premiums would be expected to increase slightly due to the fees that would be levied on insurance companies and the taxes levied on manufacturers of medical devices.
This does not strike me as cost-saving, deficit-busting lelgislation.
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