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CBO: Employee premiums won't change much under Senate bill

The Senate's plan to overhaul the U.S. health insurance system won't have a significant impact on the cost of premiums for employee coverage, according to analysis released Monday by the Congressional Budget Office

By Jenny Ivy | Updated on December 02, 2009

The Senate’s plan to overhaul the U.S. health insurance system won’t have a significant impact on the cost of premiums for employee coverage, according to analysis released Monday by the Congressional Budget Office and the Joint Committee on Taxation. Meanwhile, premiums for the 32 million people in the nongroup market could increase as much as 30 percent due to expanded coverage, but CBO says provisions in the Senate bill will be able to offset the cost to purchasers.

The average premium per person covered (including dependents) for new nongroup policies would be about 10 percent to 13 percent higher in 2016 as compared to current law in that same year, according to CBO. But government subsidies would help with the increased cost for about half those enrollees.

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