Obamacare premiums to soar 20% if Trump ends key Obamacare subsidies, CBO says - News Summed Up

Obamacare premiums to soar 20% if Trump ends key Obamacare subsidies, CBO says


Insurers would hike premiums on Obamacare silver plans by 20% next year if President Trump stops funding a key set of subsidies, according to a Congressional Budget Office report released Tuesday. Related: Trump-fueled uncertainty spurs Obamacare insurers to leave, hike premiumsRates for silver plans would be 25% higher in 2020 and beyond, according to CBO. In an odd twist, eliminating the cost-sharing subsidies could eventually lead to more choice and lower costs for some moderate-income enrollees. They would pay a little more for these policies, but the larger premium subsidies would cover much of the higher premium. In particular, they want assurances that the cost-sharing subsidies will be funded through 2018.


Source: CNN August 15, 2017 17:00 UTC



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