Fact Check: CBO On Premiums

Fact Check: CBO On Premiums CBO And Democrat Senator Says “It Is True That Some Persons” “Would Find Their Premiums” Going Up

Washington, Feb 25 - PRESIDENT OBAMA: “It's Not Factually Accurate. Here's What The Congressional Budget Office Says. The Costs For Families For The Same Type Of Coverage As They're Currently Receiving Would Go Down 14 To 20%.” PRESIDENT OBAMA: “No, no, no. And this is an example of where we've got to get our facts straight.” SEN. LAMAR ALEXANDER (R-TN) :“That's my point.” PRESIDENT OBAMA: “Well, exactly. So let me respond to what you just Lamar, because it's not factually accurate. Here's what the Congressional Budget Office says. The costs for families for the same type of coverage as they're currently receiving would go down 14 to 20%.” (President Obama, Health Care Summit, 2/25/10)

CBO: “Average Premiums Per Policy In The Nongroup Market In 2016 Would Be Roughly $5,800 For Single Policies And $15,200 For Family Policies Under The Proposal, Compared With Roughly $5,500 For Single Policies And $13,100 For Family Policies Under Current Law. The Weighted Average Of The Differences In Those Amounts Equals The Change Of 10 Percent To 13 Percent In The Average Premium Per Person Summarized Above…” (Emphasis In Original; CBO Director Douglas Elmendorf, Letter To Sen. Bayh, P. 6, 11/30/09)•

SEN. MAX BAUCUS (D-MT): “So It Is True That Some Persons In The So-Called Nongroup Market In The Year 2016, Would Find Their Premiums Would Go Up Without Subsidies. And I Think That Figure Nets Out To About 7%, But They're Getting Better Insurance.” (Sen. Baucus, Floor Remarks, 12/7/09)