A report published by the Congressional Budget Office on Wednesday looked at health insurance coverage and federal subsidies.
Some key figures:
- The number of people without health insurance is projected to rise from 30 million this year to 32 million in 2020 and 35 million in 2029.
- The GOP repeal of the Affordable Care Act's individual mandate penalty will result in 7 million more people being uninsured by 2021. The effects of the repeal are partially offset by other factors driving coverage gains.
- Federal subsidies for insured people under age 65 will total $737 billion this year, rising to $1.3 trillion in 2029.
- Larry Levitt of the Kaiser Family Foundation tweets: “This is such an important and poorly understood result from the Congressional Budget Office: Federal subsidies for employer-based insurance for people under age 65 are projected to be higher than for Medicaid and much higher than for ACA premium subsidies.”
