The good news is that ♡bamaCare!!! subsidies — i.e., putting middle class families on the dole — are expected to cost less than estimated just two months ago:
The cost of administering the Affordable Care Act over the next decade will be $142 billion less than expected just two months ago, the Congressional Budget Office said in a report issued Monday. The CBO says that Obamacare will result in a net cost of $1.21 trillion over the period 2016 to 2025, down from its January estimate of $1.35 trillion.
A big part of that savings comes from young people refusing to buy insurance, which may explain at least part of the bad news:
Obamacare exchange customers could see a significant spike in their premiums over the next few years as insurers face pressures from both the government and the marketplace, the Congressional Budget Office said Monday in a new analysis finding Obamacare is both cheaper and less comprehensive than predicted.
How long will subsidy costs remain low* if premiums spike? The political pressure for Congress to “do something!” will likely become unbearable.
*I realize that $1,210,000,000,000 over ten years is less than expected, but that still doesn’t seem “low” to me. Maybe I’m old fashioned, but anything with 16 zeroes feels a lot more like “high” than “low.”
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