But this may be the most significant part of the report, and it comes at the end of The Hill’s report:
The analysis does not measure the effects on premiums of a proposed excise tax on the most expensive insurance plans. Consistent with their previous reports, the CBO and the JCT predict that most people who currently have so-called Cadillac insurance plans would opt for less expensive insurance to avoid the tax.
Why is this so significant? The Senate plan envisioned a $259 billion revenue stream from this tax in the first decade. As I argued at the time, this static tax analysis would be proven dead wrong and leave a huge hole in the funding of ObamaCare.
The CBO and the JCT apparently agree.