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Publication Date: August 2007
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Matthew Broaddus; Edwin Park
Research Area: Health
Keywords: Economic projections; Health insurance; Federal budget; Income diversity
Type: Report
Abstract:
In contrast to the bipartisan Senate Finance Committee bill, the substitute plan that Senators Lott and McConnell would offer would fail to make progress in reducing the number of uninsured low-income children. The substitute plan also contains provisions that would result in increases in health insurance premiums for small businesses with older and sicker workers (while leading to lower premiums for small firms with healthier workforces). Finally, it would weaken existing employer-based coverage, because its tax provisions would have the effect of encouraging some employers to no longer offer health insurance. This analysis explains why the proposal would have these effects.