Monday, April 14, 2014

CBO sees relatively modest premium hikes for Obamacare benchmark plan

Murillo reads a leaflet at a health insurance enrollment event in Cudahy, California By David Morgan WASHINGTON (Reuters) - The average premium for an Obamacare benchmark plan will rise slightly in 2015 and increase about 6 percent a year during the rest of this decade, the nonpartisan Congressional Budget Office (CBO) said on Monday in a report the White House trumpeted as proof its healthcare reform was working. The forecast, contained in a new CBO report on President Barack Obama's landmark healthcare law, suggests that insurance premium hikes under Obamacare may not be as severe as predicted by Republican opponents and some health insurers. The CBO report looked at mid-tier "silver" plans that are used as benchmarks in determining how much federal money consumers can receive under the law to help cover insurance costs. "Thus, premiums are projected to increase by about 6 percent per year on average from 2016 to 2024," the CBO report said.








via Health News Headlines - Yahoo News http://ift.tt/1hOJpEu

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