Misinformation on Premium Increases
At the Finance Committee hearing, the witness from the Center for Budget and Policy Priorities alleged that the Congressional Budget Office claimed the health law would lower premiums. But in reality, the Congressional Budget Office found that the Senate bill would RAISE premiums by an average $2,100 per family. While the Administration claims that the Exchanges would reduce costs on their own, CBO found that premiums will go up because individuals would be FORCED to buy richer policies. In other words, the increased mandates in the law – because Democrats and government bureaucrats believe that some Americans’ coverage is “insufficient” – will RAISE premiums. Even President Obama admitted at the White House summit last February that he was incorrect in his exchanges on this matter with Sen. Alexander: “Yes, I’m paying 10 to 13 percent more” for insurance.