Health Management Technology April 10, 2018
Premiums for certain Affordable Care Act plans are expected to spike by 34% this year, prompting a $10 billion increase in federal subsidies, the Congressional Budget Office said today.
Between the lines: CBO’s estimates strongly suggest that this year’s increases are a response to the repeal of the ACA’s individual mandate, on top of new regulations from the Trump administration.
CBO is anticipating a 21% jump in the cost of federal subsidies this year, driven by a 34% jump in premiums for the “benchmark” plans to which those subsidies are pegged.
But after that, CBO expects a big slowdown. Federal spending on the ACA’s premium subsidies will likely grow by about 5% per year for the rest of the next...
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