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CBO: Healthcare reform will cost $100B less than expected

Health insurance premiums will be lower than expected for the next few years. Therefore, the Congressional Budget Office revised its estimated cost of the Affordable Care Act to $1.4 trillion over the next 10 years–a decrease of about $100 billion.

In its report published Monday, the CBO said premiums will fall because so many insurers are using narrow networks and lower reimbursement rates for plans sold on health insurance exchanges.