News Headlines Article

Projected ACA costs drop by $100 billion
Modern Healthcare

The insurance coverage provisions of the Patient Protection and Affordable Care Act are expected to cost roughly $100 billion less over the next decade than previously projected, according to the latest analysis from the Congressional Budget Office. The nonpartisan agency now expects that the federal government will spend $1.35 trillion through 2024, primarily on expanding Medicaid and subsidizing insurance policies purchased through the state and federal exchanges.

The reduction is even steeper when compared with projections made at the time of the law’s passage. The CBO originally anticipated costs of just over $700 billion between 2015 and 2019, but that figure has now been reduced by 20%.