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Life Health > Health Insurance > Your Practice

CBO: Obama's Health Law to Cost Less, Cover Fewer People than First Thought (The Hill)

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The nonpartisan Congressional Budget Office released a revised estimate of the health care law. It’s going to cost about $1.083 trillion — down $50 billion from last year’s projection. Two million fewer people will gain coverage by 2016, leaving 27 million people uninsured two years after the insurance exchanges go online. The number of Americans who can expect to lose their employer-provided coverage by 2016 shot from 1 million to 4 million. Between 1 million and 2 million fewer people will have access to subsidized exchanges, while 1 million more should qualify for Medicaid and the Children’s Health Insurance Provision. The revision comes after a slower recovery for the soft numbers, legislative changes adopted over the last year, and technical changes to CBO’s estimating procedures.