Thursday, April 27, 2017

Study: Ending O'Care Subsidies Would Cost Gov't More Than It Saves

Tierney Sneed · Tuesday, April 25, 2017, 10:10 am

If President Trump makes good on his threat to halt $10 billion in Obamacare subsidies to insurers in 2018, known as cost-sharing reduction payments, the federal government would spend a net $2.3 billion more due to anticipated premium hikes, a Kaiser Family Foundation study has found.

“We estimate that the increased cost to the federal government of higher premium tax credits would actually be 23% more than the savings from eliminating cost-sharing reduction payments,”  the study, released Tuesday, said.

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