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GOP touts lower premiums, but other insurance costs to rise

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Posted at 3:51 PM, Jun 28, 2017
and last updated 2017-06-28 15:51:12-04

WASHINGTON (AP) -- Republicans are touting lower premiums under their health care legislation, but that reflects insurance that would cover a smaller share of the cost of medical bills.

The fine print is getting lost in the translation.

Consumers might pay less up front every month, but if you break a bone or get hospitalized for a serious illness, odds are you'd be on the hook for a bigger share of the bill.

The nonpartisan Congressional Budget Office said in an analysis this week that premiums under the Senate bill would average about 30 percent lower in a few years.

What's overlooked is that the lower premiums envision a switch to "bronze" plans that now come with a $6,000 individual deductible, as opposed to the current standard "silver" plan with a $3,600 deductible.