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.

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Sticker shock often follows insurance cancellation

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

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

Many patients are discharged without a diagnosis

30 minutes ago

Chest pain, breathing difficulties, fainting. Each year approx. 265,000 Danes are acutely admitted to medical departments with symptoms of serious illness. New research from Aarhus University and Aarhus University Hospital ...

Wellness visits, physicals need different documentation

32 minutes ago

(HealthDay)—Documentation rules for annual wellness visits (AWVs) for Medicare differ from those for preventive visits, which are not covered by Medicare, according to an article published Aug. 5 in Medical Ec ...

User comments