CBO: ObamaCare to cost 11 percent less than expected
The Affordable Care Act will cost 11 percent less than previously expected, according to a Congressional Budget Office estimate released Monday.
Compared to the CBO's January forecast, ObamaCare is projected to cost $142 billion less thanks primarily to a 20 percent drop in estimated costs for the law's subsidies. As for the significant revision to expected subsidy expenditures, that's the result of "projections of slower growth in premiums and, to a lesser extent, slightly lower exchange enrollment," according to the CBO.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.
Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.
