Jon Walker: Health Insurance Industry’s $300 Billion Victory Over the Public Option
The CBO projects that the relatively weak public option-the one limited just to the exchange in the House health care bill-would secure roughly one-fifth of that market, equal to around 6 million people (PDF). The CBO concluded that, as a result of those 6 million customers, the public option will take in $298 billion (PDF) in direct premiums, exchange subsidies, and risk adjustment payments from 2013-2019. However, with the public option removed, but the individual mandate remaining, that $300 billion will instead go straight to the private insurance corporations’ books
This entry was posted on Thursday, March 4th, 2010 at 12:05 PM and filed under Blog Posts, Economics, Health, Politics. Follow comments here with the RSS 2.0 feed. Skip to the end and leave a response. Trackbacks are closed.
