Freedom Action Now

Cost of Healthcare

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Forget the $848 billion cost of the bill – or maybe it’s $1.6 trillion ($1600 billion). Numbers like that are just too big to fully comprehend.

Let’s see what it would cost you and me. Here’s the report from the Congressional Budget Office, dated 30 November 2009.

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.

Under current law, we’re not required to buy the insurance. Under the new law, we would be.

The bill brovides for Federal subsidies. The amount of the subsidy would depend on your income. For a middle-class family of four making $50,000 a year, there would be no subsidy. (See Table 2 at the very end of the report.) The cost for the “Low-Cost Plan” would be $14,100. (The figures in the quote above are for the “nongroup” market – people who buy insurance directly from companies, rather than those covered by employer plans.)

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Written by freedomactionnow

December 1, 2009 at 3:18 pm

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