Investor's Business Daily: Community Catalyst says Finance amendment could put future cost burdens on consumers

Investor's Business Daily

An amendment to the Senate Finance bil by Sen. Charles Grassley that would require premium subsidies to be cut if health reform added to the deficit puts future financing burdens on the shoulds of consumers, Community Catalyst's Michael Miller told Investor's Business Daily.

"If people understand that any cost overruns will come out of their wallets, there could be a lot of popular discontent," he said.

The subsidies in the Finance bill would help people at 134 - 400 percent of the federal poverty line to pay their insurance premiums, but the Grassley amendment, which passed, could leave people unable to afford coverage. 

The Finance bill is currently being merged with the Senate HELP committee bill, and consumer advocates are working to shore up the subsidies during that process.

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