"CBO: Affordable Care Act getting even more affordable" [View all]

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CBO: Affordable Care Act getting even more affordable

By Steve Benen at MSNBC

http://www.msnbc.com/rachel-maddow-show/cbo-affordable-care-act-getting-even

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Critics of the Affordable Care Act no longer want to talk about enrollment totals, which is understandable to the extent that the latest ACA enrollment figures look quite good. Instead, many Republicans have gone back to some old favorites: “Obamacare” is causing premiums to spike; the nation can’t afford the system; it will bankrupt us all; we’re all doomed, etc.

I can only imagine how frustrating it must be lately to be an opponent of this law.

The most expensive provisions of Obamacare will cost taxpayers about $100 billion less than expected, the Congressional Budget Office said Monday.

CBO also said it doesn’t expect big premium increases next year for insurance plans sold through the health care law’s exchanges.

In its latest analysis, CBO said the law’s coverage provisions – a narrow part of the law that includes only certain policies – will cost the government $36 billion this year, which is $5 billion less than CBO’s previous estimate. Over the next decade, the provisions will cost about $1.4 trillion – roughly $104 billion less than CBO last estimated.


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