Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance

Firm Prices Obama Health Program

X
Your article was successfully shared with the contacts you provided.

Implementing President-elect Obama’s health finance program as is might cost about $2,500 per newly insured individual in 2009.

Consultants in the New York office of PricewaterhouseCoopers L.L.P. have come up with that estimate in an analysis of Obama health policy proposals.

The government would start off spending about $75 billion in 2009, with $48 billion going to cover people who are now uninsured and about $27 billion to replace the coverage of people who already have some type of coverage, the consultants estimate.

About 12 million of the 30 million newly insured individuals would get coverage from their employers, and many of them would be getting coverage from small employers, the consultants write.

‘>Document Link

In November 2007, analysts at the Congressional Budget Office estimated helping uninsured people buy individual or family coverage would reduce the number of uninsured U.S. residents by about 2 million, at a cost of about $1,050 per newly insured individual.

The CBO analysts said implementing a proposal by President Bush to replace the current group health deduction system with a $7,500 deduction for individual coverage and a $15,000 deduction for family coverage would reduce the number of uninsured residents by 6.7 million at a cost of about $2,500 per newly insured individual.

A copy of the CBO analysis is on the Web


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.