CBO: Eliminating cost-sharing reductions would increase federal deficit by $194B over 9 years: 6 findings

Along with the Joint Committee on Taxation, the Congressional Budget released a report detailing the consequences of government officials implementing a policy that would terminate the ACA’s cost-sharing reductions.

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Here are six findings from the report:

1. The federal deficit would jump by $194 billion between 2017 and 2026.

2. In 2018, the federal deficit would rise by $6 billion.

3. In 2012, the deficit would increase by $21 billion.

4. The policy would put the number of uninsured at about 1 million higher than under CBO’s March 2016 baseline in 2018.

5. However, the number of uninsured would fall to 1 million lower in every year starting 2020.

6. The average premiums for the second-lowest-cost silver plan for single policyholders’ ACA plans would be nearly 20 percent higher in 2018 than CBO’s March 2016 baseline.

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