MIT Prof Endorses Senate Bill

Johnathan Gruber, MIT economist, has crunched the data and says the GOP attack line is full of crap:

A new analysis by a leading MIT economist provides new ammunition for Democrats as the Senate begins formally debating the historic health-reform bill being pushed by President Barack Obama.

The report concludes that under the Senate’s health-reform bill, Americans buying individual coverage will pay less than they do for today’s typical individual market coverage, and would be protected from high out-of-pocket costs.

Average policy holders will save $200-500 a year, a figure that doesn’t include the savings accrued when insurers don’t cancel your policy the instant you get diagnosed.

Read the report here. For misinformation, look to Faux Noise:

That’s absolutely wrong. the public option will run off premiums, just like any other insurance plan. The difference is that it won’t waste 30% of those premiums on CEO bonuses and denial of care.

About Matt Osborne

Veteran blogging the culture wars from Alabama. Video journalist, mash-up artist, aspiring novelist, and metalhead. Expect bunnies, geekery, dark humor, and snarky empirical analysis to annoy idealists of all stripes. You can follow me on Twitter, but be ready 'cause it might get loud.
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