Tag Archives: Congressional Budget Office

CBO: If Trump kills Obamacare subsidies, expect premiums and deficit to soar

Joseph Burns

About Joseph Burns

Joseph Burns (@jburns18), a Massachusetts-based independent journalist, is AHCJ’s topic leader on health insurance. He welcomes questions and suggestions on insurance resources and tip sheets at joseph@healthjournalism.org.

Donald J. Trump

In a report that aligns with predictions by health insurers and groups such as the Kaiser Family Foundation, the Congressional Budget Office on Tuesday forecast that ending cost-sharing reduction (CSR) subsidies under the Affordable Care Act not only would raise premiums for some low-income Americans, but also increase the federal deficit by $194 billion by 2026.

Congressional Democrats had asked both the CBO and the Joint Committee on Taxation to estimate the effect of cutting CSRs after this December – as President Trump has threatened – on the federal budget, health insurance coverage, market stability and premiums. Continue reading

CBO releases score for Senate’s health care bill

Pia Christensen

About Pia Christensen

Pia Christensen (@AHCJ_Pia) is the managing editor/online services for AHCJ. She manages the content and development of healthjournalism.org, coordinates AHCJ’s social media efforts and edits and manages production of association guides, programs and newsletters.

The Congressional Budget Office released its analysis of the Senate’s health care plan, the Better Care Reconciliation Act (BCRA), on Monday afternoon.

This came hours after Senate Republicans released a revised version of the bill that adds a provision to penalize people who let their insurance coverage lapse for an extended period. People who let their health insurance lapse for longer than 63 days but then wanted to re-enroll would have to wait six months. The CBO score does take that revision into account in its analysis.

The CBO found that, if this legislation were to be enacted, it would: Continue reading