I'm optimistic that this new bill will lower premiums by about $2,500 per year

New Report Estimates Savings of $2,500 in Total Health Care Costs for a Typical Family under Health Reform

• An important new study released this week analyzes the impact of the House and Senate reform bills on national health expenditures, the federal budget deficit, and the premiums and total health care costs for a typical family. By taking into account the implications of important research not reflected in previous analyses by the Congressional Budget Office (CBO) and the Centers for Medicare and Medicaid Services (CMS), the new study finds greater cost savings than CBO and CMS.
  
  
• The report, “Why Health Reform Will Bend the Cost Curve,” was released by Karen Davis, President of the Commonwealth Fund, and David Cutler, Professor of Economics at Harvard University. Following are some key findings of the report.
  
  
• Both the House and Senate health reform bills would result in reductions in premiums for the typical family of $1,900 in 2019, compared to current law.
  
  
• When reductions in out-of-pocket costs and lower taxes for Medicare and Medicaid are added in, both the House and Senate health reform bills would result in savings in total health care costs for the typical family of $2,500 in 2019, compared to current law.
  
  
• Under the House bill, there would be deficit reduction of $459 billion over the next 10 years ($321 billion more than CBO estimates). Under the Senate bill, there would be deficit reduction of $409 billion over the next 10 years ($279 billion more than CBO estimates).
  
  
• The House bill would result in a reduction in national health care expenditures (public and private) of $532 billion over the next 10 years, compared to current law – the net result of $549 billion in increased medical spending due to covering 96 percent of non-elderly Americans offset by $1.081 trillion in total health system savings due to savings provisions, reduced administrative costs and payment and delivery system reforms.