(03-18-2017 09:38 AM)BatonRougeEscapee Wrote: (03-18-2017 09:27 AM)ODU BLUE Wrote: The CBO analysis found that premiums would rise 20 percent to 25 percent for a 64-year-old. That means premiums for a 64-year-old earning $26,500 would increase by $12,900 in 2026, from $1,700 to $14,600. That puts health insurance out of reach for far too many.
I have no comment other than to say $1,700 to $14,000 is not a representation of a 20-25% increase. That represents a 700% increase. Unless they are saying a 25% increase per year for the next 9 years. I don't feel like doing that math.
I don't have the report in front of me...
only going off of the wording included above...
"The CBO analysis found that premiums would rise 20 percent to 25 percent for a 64-year-old."
Clarity on the timeframe is required... is if 20-25% increase annually?
or total increase of 20-25% over the 9 year period?
Is this part: "That means premiums for a 64-year-old earning $26,500 would increase by $12,900 in 2026, from $1,700 to $14,600." directly out of the CBO report or is that the AARP interpretation?
The AARP math would indicate a 25% increase
per year but that isn't what the CBO analysis as included said...
it says a 20 to 25% increase. No "per year" included.
If it is a 20-25% increase over 9 years that is <3% per year (basically COL) in increases, increase about $50-60 annually and in 9 years would cost: roughly $2200-2300.
If the AARP is an extrapolation not included in the report...I wonder if they are misinterpreting the report… to scare seniors.