CBO Downgrades Obamacare’s Enrollment Projections, Subsidy Costs

On March 9, the Congressional Budget Office unveiled its updated budget projections for the years 2015 to 2025, including significant changes to its outlook for Obamacare’s spending and coverage estimates. The CBO now thinks that 8 million fewer U.S. residents will gain coverage from the health law, compared to its original estimates. But the CBO also significantly underestimated the impact of competition on Obamacare’s private insurance premiums. This begs the question: could competition among private insurers solve America’s debt crisis?

via CBO Downgrades Obamacare’s Enrollment Projections, Subsidy Costs.

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