That was FIVE years ago and one reason for the fai
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Posted On: 12/29/2018 10:38:59 AM
That was FIVE years ago and one reason for the failure is the increasing premiums and insurance companies dropping out.
The non-partisan office estimates that the program will cost the federal government $1.34 trillion over the next decade, an increase of $136 billion from the CBO's predictions in 2015. In 2016 alone, Obamacare will cost a total of $110 billion.Mar 24, 2016
It Costs $685 Billion a Year to Subsidize U.S. Health Insurance
May 23, 2018
Amount will almost double over the next decade, CBO says
It will cost the U.S. government almost $700 billion in subsidies this year help provide Americans under age 65 with health insurance through their jobs or in government-sponsored health programs, according to a report from the nonpartisan Congressional Budget Office.
The subsidies come from four main categories.
About $296 billion is federal spending on programs like Medicaid and the Children’s Health Insurance Program, which help insure low-income people. Almost as big are the tax write-offs that employers take for providing coverage to their workers. Medicare-eligible people, such as the disabled, account for $82 billion. Subsidies for Obamacare and for other individual coverage are the smallest segment, at $55 billion.
In total, the subsidies are equivalent to about 3.4 percent of the U.S. gross domestic product.
https://www.bloomberg.com/news/articles/2018-...-insurance
The non-partisan office estimates that the program will cost the federal government $1.34 trillion over the next decade, an increase of $136 billion from the CBO's predictions in 2015. In 2016 alone, Obamacare will cost a total of $110 billion.Mar 24, 2016
It Costs $685 Billion a Year to Subsidize U.S. Health Insurance
May 23, 2018
Amount will almost double over the next decade, CBO says
It will cost the U.S. government almost $700 billion in subsidies this year help provide Americans under age 65 with health insurance through their jobs or in government-sponsored health programs, according to a report from the nonpartisan Congressional Budget Office.
The subsidies come from four main categories.
About $296 billion is federal spending on programs like Medicaid and the Children’s Health Insurance Program, which help insure low-income people. Almost as big are the tax write-offs that employers take for providing coverage to their workers. Medicare-eligible people, such as the disabled, account for $82 billion. Subsidies for Obamacare and for other individual coverage are the smallest segment, at $55 billion.
In total, the subsidies are equivalent to about 3.4 percent of the U.S. gross domestic product.
https://www.bloomberg.com/news/articles/2018-...-insurance
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