Study: Premiums Will Be Much Higher than CBO Estimates

Oliver Wyman (in a study for BlueCross Blue Shield) finds that premiums will be much higher under the Senate health bill than the CBO has estimated. Premiums for individuals and families purchasing coverage on their own will go up 54%. Premiums for small businesses will go up 20%. Both numbers are over 5 years and both numbers exclude the impact of medical inflation.

Comments (6)

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  1. Joe S. says:

    These numbers make much more sense.

  2. Ken says:

    I agree with Joe. These numbers look much more likely than the CBO numbers.

  3. Stephen C. says:

    Agree with the above. This is going to be very bad for premium inflation.

  4. Bruce says:

    The question is: What’s wrong with the CBO? It has been reasonably professional up til now. Are they bending to the pressure?

  5. Nego says:

    It’s really not by state as it is by where you live sudurrnoed by the state. For example, car indemnity rates are a lot privileged in Los Angeles, California then they are in Redding California. That’s in view of the fact that more cars get stolen in LA. Here are more wrecks in LA (all you have to do is look at the freeways here it’s a marvel anyone ever gets anywhere).Same goes for homeowners indemnity. If you live in an area that has a high burglary rate, the premiums in that area, no theme what state it is, are going to be privileged then a sleepy town where all leave their doors unlocked in view of the fact that nothing ever happens here anyway.Here’s a website that you can look up the best and worst states for auto indemnity. Keep in mind though, New Jersey is rated worst but if you live on a farm in the countryside of New Jersey, you’re going to pay a lot less than a name that lives in Trenton. Was this answer helpful?