Report projects health care costs to dip slightly

by Andrew Taylor

A new government report says the Affordable Care Act's health insurance subsidies will cost a little less than previously thought.

The Congressional Budget Office predicts that health insurance subsidies under so-called "Obamacare" will total a little more than $1 trillion over the next 10 years, instead of almost $1.2 trillion.

CBO said the 8 percent cut results largely from tighter cost controls by insurance companies offering plans on health care exchanges. Generally speaking, the plans offered on the exchanges pay less and have tighter management of patients' treatment options, and that means lower premiums and taxpayer subsidies.

Medicaid adds almost $800 billion in costs over the decade.

CBO is a nonpartisan congressional agency that does research and cost estimates for lawmakers.

Related Stories

Sticker shock often follows insurance cancellation

date Nov 02, 2013

Millions of people across the country are trying to figure out what to do after receiving notices that their individual health insurance policies are being discontinued because they don't meet higher benefit requirements ...

Health care agency passes $1 trillion milestone

date Mar 04, 2014

The government's biggest health care agency is passing the $1 trillion mark in President Barack Obama's new budget, a milestone for the Department of Health and Human Services.

Recommended for you

Moving upstream to promote a healthier nation

date 1 hour ago

The Society for Public Health Education (SOPHE) proudly announces the publication of a Health Education & Behavior (HE&B) supplement devoted to the latest research and practice on policy and environmental approaches to fos ...

Arizona governor signs abortion drug notification mandate

date 2 hours ago

Gov. Doug Ducey signed a bill Monday that requires abortion providers in Arizona to tell women they can reverse the effects of a drug-induced abortion and also bars women from buying any health care plan through the federal ...

Why icing doesn't work to heal injuries

date 3 hours ago

Applying ice to a muscle after injury is a commonly prescribed therapy for treating muscle bruises. But does it really speed recovery time and help the muscle to heal?

User comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.