Wednesday, June 28, 2017

NBC News -- 74 Percent. Your Health Care Premium Could Go Up That Much (VIDEO)

By Benjy Sarlin
Insurance premiums would shoot up 74 percent for the average customer under the Republican Senate health care bill, according to a new report, with older customers having to pay more than twice as much for comparable plans.

The study by the nonpartisan Kaiser Family Foundation looked at the average cost for an individual market plan that covers about 70 percent of medical costs, which is the benchmark plan under Obamacare, and factored in both the price of insurance and the amount of subsidies people would receive.

The Senate bill, backed by Senate Majority Leader Mitch McConnell, R-Ky., encourages customers to buy insurance with higher deductibles, reduces subsidies that lower deductibles for low-income customers, allows insurers to charge older customers more, and provides more generous subsidies for young people than older people.