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.
These Patrons make the Fowler Show possible ($20+ monthly donation on Patreon.com/FowlerShow) & we couldn’t do it without them!
Truthservers.com
Are you a fan of The Fowler Show? Become a Patron & help support independent media! Learn more here:
http://www.patreon.com/fowlershow
Want to help out but don’t have any money to donate? Donate your account & help us get our stories out on social media. Learn more here:
http://www.donateyouraccount.com/fowlershow
If you liked this clip, share it with your friends and hit that “like” button!
1,500 Subscriber Behind The Scenes Reward Video –
http://www.youtube.com/watch?v=LT9x1PvQTBU
Subscribe to our Podcast on iTunes for free!
https://itunes.apple.com/us/podcast/the-richard-fowler-show/id510713880
@fowlershow
@richardafowler
http://www.facebook.com/richardfowlershow
http://www.fowlershow.com
http://fowlershow.tumblr.com/