A new report released by the Congressional Budget Office (CBO) found that if the Affordable Care Act's (ACA) extended subsidies are allowed to expire at the end of 2025, millions of people will become uninsured and premiums will rise.
Responding to the Senate Finance Committee, the CBO found that "not extending the credit will increase the number of people without health insurance and raise the average gross benchmark premiums for plans purchased through the marketplaces."
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Congressional Budget Office
To repair our fiscal foundation, we need to bend the health care cost curve
Willie Sutton famously explained (in a possibly apocryphal quotation) that he robbed banks because “that’s where the money is.” If he turned his attention to the federal budget, he’d start with health care.
Our total national debt has ballooned to nearly $35 trillion – the highest level in U.S. history. This translates to over a quarter of a million dollars — $265,838 to be exact — of accumulated liabilities for every American household.
Washington now spends abou...
Health Care — Keeping ACA tax credits would be pricey
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House Votes to Avert Deep Medicare Cuts to Pay for $1.9 Trillion Stimulus Plan
The measure is likely to become the subject of negotiations later in the year over government spending and debt.
Larry Kudlow says the CBO is always wrong, but he regularly cited their numbers
Weeks into his tenure as Donald Trump’s director of the White House Council of Economic Advisers, former CNBC host Larry Kudlow dismissed estimates by the Congressional Budget Office (CBO) that the tax cuts and spending bills Trump signed will swell the budget deficit. In a Fox News interview on Tuesday, he claimed that the office’s analyses are “always wrong.”
“Never believe the CBO,” Kudlow told Fox & Friends. “Very important....
Fact Check: Trump Falsely Claims to Have ‘Repealed Obamacare’
The repeal of the individual mandate in the tax bill, despite President Trump’s claim, does not amount to a repeal of the entire health care law.
The White House didn’t do its homework on Trumpcare, so we did it for them
A White House official said they “really aren’t sure” what the impact of the latest Republican effort to repeal and replace the Affordable Care Act would be, as Politico reported Friday—but a number of analyses have found the bill would hurt every state and leave 32 million people without insurance by 2026.
The bill, spearheaded by Sens. Lindsay Graham (R-SC) and Bill Cassidy (R-LA), would block grant health care funding to the states. The plan would also repeal a number of taxes ma...
Trump’s plan to sabotage Obamacare costs $200 billion and doesn’t really even sabotage Obamacare
For months, President Donald Trump has flirted with a tactic that could help make “Obamacare implode” — thus potentially forcing House and Senate Democrats to negotiate on a way to dismantle the law. On Tuesday, however, the Congressional Budget Office (CBO) released a report on what would actually happen if Trump implemented this tactic, and the results are less than spectacular.
For the most part, Obamacare would continue chugging along as usual. But the federal ...