A recent report put together by the nonpartisan Congressional Budget Office, and released yesterday, has revealed that under the Obama Administration's new healthcare plan, no premium costs would go up, as many had speculated, putting some concerns to rest.

As per the report, an average 134 million US residents, who are medically insured through large employers, will see no hike whatsoever in their monthly premium rates, and about 3% residents might actually end up paying lower premiums than they currently do.

Also, according to the study's figures, subsidies would also lower costs, with as much as 59% of the 18 million people buying their own medical insurance.

The analysis was released just as the Senate began debating on the biggest ever revamp of the American healthcare system, proposed by President Obama, with the aim to ensure that over a million more Americans can benefit from health coverage. The study was requested by the Indiana Democrat, Senator Evan Bayh, who has been quick to assert that the findings are reason enough to believe that the coverage can be expanded without straining the state's funds.

Looking at the report from a critical point of view, it does not take into account the 40% excise tax that would be imposed once the plan is actually in effect, on high priced health policies.

For now, however, the Senate legislation seems to have won even more fans, as the time for it to become a practice inches closer.