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The industry group's report identifies four key factors it says will drive up the cost of health insurance premiums, including a weak mandate that could result in many young people opting not to buy insurance.
A weak mandate coupled with measures preventing insurers from barring people with pre-existing conditions will help drive up costs, as will other factors like taxes on high-cost healthcare plans and new taxes on some healthcare sectors, the report said.
A family of four under current law could expect to pay $15,500 by 2013, but that would rise to $17,200 if the new measures were adopted, the report found.
The cost would be $21,900 by 2019 under the current system or $25,900 if the changes are implemented, it said.
The tax, a provision of the bill to be voted on Tuesday by the Senate Finance Committee, is one of the few remaining proposals under consideration by Congress that budget experts say could lead directly to a reduction in health care spending over the long term, by prompting employers and employees to buy cheaper insurance. Whether it remains in the bill is emerging as a test of the commitment by President Obama and his party to slowing the steep rise of medical expenses.
I personally always get a little aprehensive when the government is going to start PROMPTING people to do anything. Consider this a warning and precursor to NUDGING in the "cheaper" direction....
Why should those of us that already have coverage pay a lot more or worse, why should we now be pushed to accept less coverage than we currently have?