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Health insurance subsidies cost $685B yearly — 5 insights

The U.S. government pays $685 billion to subsidize health insurance annually, Bloomberg reports.

Here's what you should know.

1. Approximately $296 billion is spent on Medicaid and the Children's Health Insurance Program.

2. Work-related subsidies for health insurance account for $279 billion.

3. Medicare accounts for $82 billion.

4. The ACA is the smallest segment at only $55 billion.

5. In total, the subsidies are 3.4 percent of U.S. gross domestic product.

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