The Congressional Budget Office report on health legislation proposed in the Senate is available.
The bill is tagged at a cost of about $849 billion over 10 years, with revenue enhancement from new taxes and savings to offset that and then some, according to the CBO.
But the CBO analysis is worth reading for folks who really want to delve into the details.
One paragraph on page nine says premiums for the "public option" plan could be higher than those of privately run plans.
"CBO’s assessment is that a public plan paying negotiated rates would attract a broad network of providers but would typically have premiums that were somewhat higher than the average premiums for the private plans in the exchanges."
The report says although the government would have lower administration costs, the public plan would attract less healthy customers. And since it has to pay for itself through premiums, customers would pay more.
Here's a link to the CBO's letter to Sen. Harry Reid, D-Nev., detailing the financial costs and benefits of the legislation as proposed. (attached)
And a link to the CBO which has posted an analysis of the House of Representatives' version of the legislation.
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