The Congressional Budget Office said Monday that the Senate health bill could significantly reduce costs for many people who buy health insurance on their own, and that it would not substantially change premiums for the vast numbers of Americans who receive coverage from large employers.
That’s good news, right?
But wait. There’s more! Before taking account of federal subsidies to help people buy insurance on their own, the budget office said the bill would tend to drive up premiums. But as a result of the subsidies most people in the individual insurance market would see their costs decline.
So We the TaxedPeople will be on the hook for $450 billion of subsidies so Congress can say your insurance premiums and mine will be lower.
Cool. I LOVE ObaMathematics.