Research

The answer is yes according to a Congressional Budget Office (CBO) report released this morning which shows that the Obama-Reid government-run health care bill will raise insurance premiums for many Americans. It echoes many of the points we’ve been raising about how the new mandates, taxes, and regulations will raise the costs for individuals and families. Here’s the most startling finding:

CBO and JCT estimate that the average premium per person covered (including dependents) for new nongroup policies would be about 10 percent to 13 percent higher in 2016 than the average premium for nongroup coverage in that same year under current law.

The primary reasons for the premium increase are new government mandates for every health care plan to cover certain treatments. This translates into a one-size-fits-all approach which will drive costs higher. How much higher? Over $2,000 higher for families:

Average premiums per policy in the nongroup market in 2016 would be roughly $5,800 for single policies and $15,200 for family policies under the proposal, compared with roughly $5,500 for single policies and $13,100 for family policies under current law.

Even though a new poll shows that 53 percent of Americans are opposed to President Obama’s government-run health care experiment, Senate Democrats look like they’re willing to shove this premium-increasing bill down Americans’ throats.