Senate tax cuts bill: Higher insurance premiums cancel out cuts

People who buy health insurance on their own are going to be really screwed by the Senate Republicans tax cut plan, if it includes a repeal of the individual mandate, according to new analysis from the Commonwealth Fund. Any tax cut the 7 million people who buy their own insurance and don't qualify for premium subsidies might get will be offset by higher premium prices, which will also be permanent, while their tax cuts will eventually expire.