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But its most innovative feature is intended to reduce premium costs for families who are already covered, but are feeling the weight of three consecutive years of double-digit percentile premium increases.
By evening, leaders adopted the proposed change conservatives had rebuffed earlier, eliminating the law's "essential benefits" that insurers must offer under the ACA in an effort to reduce premium costs.
The dividends, which may amount to 20 percent of the premiums, may be accumulated in cash left with the insurer at interest, used to buy additional life insurance, used to reduce premium payments, or used to pay up the contract sooner than would otherwise have been possible.
Perhaps the president's advisers made the right political calculation in determining that Wednesday night was not the time to embrace a particular alternative, such as nonprofit cooperatives or a trigger under which a plan would be created only if private insurers do not reduce premium costs to a certain level.
This will greatly reduce premium costs.
The reduced risk can immediately reduce premium rates, and achieve similar benefits to providing premium subsidies (Kleindorfer and Kunreuther 1999).
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Improving security could also help reduce premiums.
The couple can reduce premiums by buying only one policy and sharing its benefits.
Insurers can use some of those savings to reduce premiums for drug coverage.
The ad says the Congressional Budget Office said the bill would reduce premiums for "most Americans".
Patient safety initiatives, as independent studies have shown, are the only proven way to reduce premiums.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com