CBO Lowers Obamacare Costs Projection By $104 Billion

You won’t hear this from Obamacare-haters.

Specifically, the report stated that the ACA’s coverage provisions will likely cost $5 billion less than the $41 billion the agencies had previously projected (“Wonkblog,” Washington Post, 4/14). Further, the report said the government will spend about $3 billion less in 2014 and $164 billion less over the next 10 years on subsidies (New York Times, 4/14). According to the report, the average subsidy paid to individuals in 2015 will be $4,250, down from a previous estimate of $5,330. In 2024, the average subsidy paid will be $7,170, compared with the previously estimated $8,370 (Radnofsky, Wall Street Journal, 4/14).

By: Alan

Alan Colmes is the publisher of Liberaland.