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I think I published an earlier version of this, but here’s the latest analysis of the Senate healthcare bill from MIT economist Jonathan Gruber:

Analysis of the non-partisan information from the CBO suggests that for those facing purchase in the non-group market, the [Senate] bill will deliver savings ranging from $200 for singles to $500 for families in today’s dollars — even without subsidies. The savings are much larger for lower income populations that receive premium credits. This is in addition to the higher quality benefits that those in the exchange will receive, with actuarial values for low income populations well above what is typical in the non-group market today. It is also in addition to all the other benefits that this legislation will deliver to those consumers — in particular the guarantee, unavailable in most states, that prices would not be raised or the policy revoked if they became ill.

There are three important things to note about this.  First, the Senate bill lowers the premiums for low-cost plans across the board.  Second, in addition to this reduction, the Senate bill provides subsidies to low- and middle-income familes that makes health insurance even less expensive.  Third, it does this for a plan that covers about 70% of all medical expenses, compared to a non-reform plan that covers only about 60% of all expenses.  On an apples-to-apples basis, the Senate bill lowers premiums by about 20% and then subsidizes that lower price to reduce the cost of coverage even more.

I hardly need to mention what an enormous boon this would be for millions and millions of real flesh-and-blood people, do I?

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THE BIG PICTURE

You expect the big picture, and it's our job at Mother Jones to give it to you. And right now, so many of the troubles we face are the making not of a virus, but of the quest for profit, political or economic (and not just from the man in the White House who could have offered leadership and comfort but instead gave us bleach).

In "News Is Just Like Waste Management," we unpack what the coronavirus crisis has meant for journalism, including Mother Jones’, and how we can rise to the challenge. If you're able to, this is a critical moment to support our nonprofit journalism with a donation: We've scoured our budget and made the cuts we can without impairing our mission, and we hope to raise $400,000 from our community of online readers to help keep our big reporting projects going because this extraordinary pandemic-plus-election year is no time to pull back.

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