Latest CBO Report Reveals Tough News to ObamaCare Consumers

Obamacare's Bare County Problem Looks Mostly Solved, for Now

These findings are counterintuitive and surprising.

Let me repeat that.

Insurers are scheduled to receive their next round of subsidy payments on August 21 and have asked the federal government for $8 billion in cost-sharing reduction payments for the coming year.

The subsidy - a total of approximately $7bn (£5.4bn) this year - helps insurance companies offset the costs of providing coverage to people who would normally not be able to afford those plans.

These subsidies are calculated using the cost of coverage, which is set based on the second lowest cost silver plan on the Obamacare marketplace, and an affordability variable, which is calculated on a percentage of an individual's annual income. That was supposed to be handled through the annual appropriations process - and Republicans refused to cough up the funds when they gained control of Congress.

House Republicans took Mr. Obama to court in 2015, and a federal judge has ruled the payments illegal - though she stayed her ruling while the case is on appeal.

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It is unclear whether the federal government played a role in providing incentives to insurers to offer plans in bare counties, many of which were at risk because Anthem Inc, one of the largest remaining Obamacare insurers, pared back its offerings in several states, said Cox. "Adding more uncertainty to it through the consequences from removing the (subsidies) would be harmful". Other parts might be surprising.

Healthcare insurers have been warning for months that eliminating the CSR would lead to steep premium hikes.

The government is mandated to offer financial assistance for the premiums of ACA customers who earn 100 percent to 400 percent of the federal poverty level. Premiums for other plans would rise a few percentage points during the next two years because of uncertainty surrounding the policy change, though they would settle down in line with previous projections in later years. CBO sees some individuals being made almost whole by the larger tax credits, with others coming out substantially ahead.

Protect Our Care Campaign director Leslie Dach, an advocate for preserving the ACA, blasted the White House reaction to the CBO report. The illustrations provided by CBO are for 2026. Unlike the gold and platinum, the silver has a deductible.

One could argue whether Jenny would be better or worse off.

The Congressional Budget Office (CBO) announced Tuesday afternoon that if Trump's administration stops paying out Obamacare subsidies, the marketplace would be far less stable and will likely experience double-digit premium increases as a result. That's a clear win for David from multiple angles. "Republicans should abandon Trumpcare once and for all, and join Democrats for the long overdue bipartisan conversation to update and improve the Affordable Care Act".

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If Robert, Jenny, David, and Katherine would benefit from terminating CSR subsidies, who would be the losers? Congress could also pass legislation saying the payments should be made.

A new CBO report underlines some of the unintended consequences of doing that.

That's exactly why the prospect of losing subsidies worries insurance companies as well as policy makers. Specifically, CBO projects that the number of people uninsured will be "slightly lower starting in 2020".

A district court judge agreed with House Republicans, and the case has been on hold before the USA appeals court in Washington.

Most people buying insurance sold on the health care exchanges created by the Affordable Care Act would pay a similar monthly cost to what they pay now despite an initial increase in premiums of about 20%.

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