 merrie says: America's Health Insurance Plans engaged PricewaterhouseCoopers (PwC) to examine the impact of four components of the health reform bill being proposed by the Senate Finance Committee as introduced. These include: # Insurance market reforms and consumer protections that would raise health insurance premiums for individuals and families if the reforms are not coupled with an effective coverage requirement. # An excise tax on employer-sponsored high value health plans (or "Cadillac plans") that in a few years could also raise premiums for some moderate value plans. # Cuts in payment rates in public programs that could increase cost shifting to private sector businesses and consumers. These changes are expected to more than offset the potential reduction in cost shifting resulting from providing coverage to the uninsured. # New taxes on health sector entities that are likely to be passed through to consumers. The audit indicates that these increases will be on top of what we already are expecting for increases in health care premiums. America’s businesses and consumers who currently have private health insurance had better hang on to their wallets, because they are going to pay a lot more for their health insurance premiums if the Baucus bill becomes law: # This analysis shows that the cost of the average family coverage is approximately $12,300 today and # could be expected to increase to approximately: # $15,500 in 2013 under current law and to $17,200 if these provisions are implemented. # $18,400 in 2016 under current law and to $21,300 if these provisions are implemente... |
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