Informed decisions require a lot more effort than the old days with all the changes happening daily.
By now. most people have seen headlines or soundbytes about the report. The Congressional Budget Office is a nonpartisan group. The head of the CBO was actually appointed by the GOP. The purpose of the office is to provide Congress with a source of “objective” information about the financial impact of legislation that is independent from information provided by the Executive Branch. In a complex world, this actually makes sense.
What the CBO report actually says:
- Health insurance costs for individuals will under the new act (the AHCA is also known as “Trumpcare”), will increase through the year 2020 and may decrease after that. The CBO expects increases in health insurance premiums under the new law of between 15% and 20% for 2018 and 2019 under the new law. However, the CBO argues that by 2026, premiums might be 10% lower than under…
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