Bill Relaxing Health Reform Rebates Would Cost $1B, CBO Says

Law360, New York (November 8, 2012, 3:28 PM EST) -- The federal deficit would grow by $1.1 billion over the next decade and health insurance premiums would rise slightly under House Republicans’ legislation to weaken a health reform requirement that insurers issue rebates if they overspend on salaries and overhead, the Congressional Budget Office reported Wednesday.

The bill, which cleared committee last month, would make it easier for states to obtain waivers from a rule forcing insurers to spend set amounts on direct medical care, meaning premiums would be more likely to increase, the CBO said....
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