After a review of the Senate Democrats' health care bill, the Congressional Budget Office reports that individuals who purchase health coverage through an "exchange" in the bill would pay higher premiums than they would under current law for their plans. But, new subsidies would offset the increased costs for more than half those people. CBO reports, the reason for higher premiums is that proposed regulations would force insurance companies to offer a greater level of coverage in the plans they sold.
According to the analysis, once the bill's programs were fully implemented in 2016, people buying insurance plans individually on the exchange would pay 10% to 13% more per person than they would under current law. But some 57% of people on the exchange would get subsidies in the form of tax credits, and on average those individuals would actually pay 56% to 59% less for their premiums than they would otherwise.
The average premium for those buying through the exchange would be $5,800 for a single plan, or $15,200 for a family plan. However, according to CBO, the majority of non-group enrollees would receive subsidies via the new insurance exchanges, and those subsidies would cover nearly two-thirds of the total premium.