Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
March 27, 2015

CBO Projects Lower Obamacare Costs

The latest Obamacare analysis by the Congressional Budget Office estimates that the health care law’s coverage provisions will cost roughly $1.5 trillion over the next decade, $9 billion less than expected.

National Journal: The CBO report “doesn’t cover the whole law, and CBO reiterated that it expects the law to reduce the federal deficit. Tuesday’s analysis … didn’t include Medicare savings or new taxes on drug and medical-device companies, which offset the costs of expanding coverage.”

The revised projection is due in part to lower than projected enrollment: “roughly 1 million fewer people will obtain health insurance on the exchanges and 1 million fewer people will sign up for Medicaid and the Children’s Health Insurance Plan.”

And “that insurance companies priced exchange premiums lower than the agency had anticipated.”

  • Zolaman

    So if I am understanding this correctly the reason their is so much cost saving is the poor south that really needed this coverage has refused it, thus making Obamacare more cost effective.

  • stasis

    So Obamacare will cost about half as much as the Iraq war. That’s quite a bargain.

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