Analysis of Health Insurance Premiums
I may have found the CBO analysis that the President and the Republicans were arguing about at the Health Care Summit. The CBO analysis can be found in the letter to Senator Evan Bayh dated November 30, 2009.
Follow this link to read the analysis.
It is a 29 page letter which says a lot of complicated things. I just had a chance to skim it. You can analyze it and report back here.
I extracted the following paragraph which I DO NOT represent as being indicative of the conclusions, if any, of the letter.
‘CBO and JCT estimate that the elements of the legislation that would change the price of providing a given amount of coverage for a given population would, on net, reduce the average premium per person for nongroup coverage in 2016 by about 7 percent to 10 percent relative to the amount under current law. Those elements of the legislation would reduce the average premium per person in the small group market by about 1 percent to 4 percent and would not have a measurable impact on premiums in the large group market.’