Congressional Budget Office: Terminating Cost-Sharing Reductions Would Increase Health Insurance Premiums by 25% and Increase the Federal Deficit by $194 Billion

The Congressional Budget Office has estimated that the threatened termination of cost-sharing reductions for low-income Americans purchasing health insurance through the health insurance marketplaces established by the Affordable Care Act would increase premiums by 20% next year and by another 5% by the year 2020. President Donald Trump has threatened terminating these federal subsidies at the end of this calendar year. Ironically, rather than saving federal dollars, the termination would actually increase the federal deficit by $194 billion over the next ten years because more Americans would need and become eligible for the ACA’s federal health insurance premium reductions.

Link to Original Source

This entry was posted in Health Care Reform. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s