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Republicans Wrong Again! Obamacare Is A Success

423 views · Published 4 February 2015 · 2:02 · Indexed 25 September 2026

Channel: The Fowler Show · 2015 · News & Politics

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WASHINGTON, Jan 26 (Reuters) - Obamacare will cost 7 percent less than expected over the next decade for federal subsidies to help lower-income people pay for private health insurance, congressional researchers said on Monday.

A report by the nonpartisan Congressional Budget Office (CBO) said insurance coverage would cost $964 billion from 2015 to 2024, $68 billion below its April 2014 projection, due to factors including lower than expected enrollment in federal and state insurance exchanges set up under the Affordable Care Act.

Most of those subsidies, which help pay for insurance premiums and out-of-pocket costs, could be in jeopardy from a U.S. Supreme Court case that seeks to prevent funds from going to consumers in 36 states who obtain coverage through the federal exchange. A ruling is expected by the end of June.

CBO expects 12 million people to enroll in private coverage this year and 21 million in 2016, vs. an earlier forecast of 13 million and 24 million, respectively.

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STORY:http://www.huffingtonpost.com/2015/01/27/obamacare-cost-less-than-expected_n_6554174.html?utm_hp_ref=politics&ir=Politics

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