No one knows for sure how Senator Reid’s health care bill (HR 3590) will impact any particular person or group, but this much is fairly certain: it will cause health insurance premiums to increase faster—not slower—than they would have otherwise. Even the Congressional Budget Office, Congress’s non-partisan accountants, says that premiums in the “public option” of Sen. Reid’s bill would turn out to be higher than premiums in typical private plans today. Thus, there are ways to “bend the health care cost curve” downward, but this bill does exactly the …
