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Monday, May 10, 2010

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HEALTH CARE CONSEQUENCES: HIGHER PREMIUMS

PRESIDENT OBAMA: “We [Senate Democrats And The Administration] Agree On Reforms That Will Finally Reduce The Costs Of Health Care. Families Will Save On Their Premiums.” (President Obama, Remarks After Meeting With Senate Democrats, 12/15/09)

DESPITE PRESIDENT’S PLEDGE, HEALTH BILL WILL INCREASE FAMILIES’ PREMIUMS

“Letting Young Adults Stay On Their Parents' Health Insurance Until They Turn 26 Will Nudge Premiums Nearly 1 Percent Higher For Employer Plans, The Government Said In An Estimate Released Monday.” <(“New Coverage For Young Adults Will Raise Premiums,” The Associated Press, 5/10/10)

“The Health And Human Services Department Released Estimates Of The Costs And Benefits Of The Requirement As Part Of A Regulation Directing Employers And Insurers How To Carry It Out.” (“New Coverage For Young Adults Will Raise Premiums,” The Associated Press, 5/10/10)

“The New Benefit Will Cost $3,380 For Each Dependent, Raising Premiums By 0.7 Percent In 2011 For Employer Plans, according to the department's mid-range estimate. Some 1.2 million young adults are expected to sign up, more than half of whom would have been uninsured.” (“New Coverage For Young Adults Will Raise Premiums,” The Associated Press, 5/10/10)

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