Bill Cassidy on Senate Health Care Bill: It Would Lower Premiums ‘Right off the Bat’
CASSIDY: "Most of what I know is from briefings. There's actually good stuff. It would lower premiums right off the bat... The uncertainty in the individual market is driving up premiums tremendously. It would establish uncertainty for the insurance company allowing them to lower those premiums. Going forward, relative to the house bill it greatly increases the amount somebody with lower income will receive in order to buy his or her insurance. That’s another good thing. It also creates a stabilization fund that insurance companies could use to create an invisible high risk pool, a reinsurance pool that is estimated to decrease premiums by 20%."