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Obamacare’s projected cost falls due to lower premiums under health care law, CBO says
By Max Ehrenfreund
March 9
http://www.washingtonpost.com/blogs...eive-coverage-under-health-care-law-cbo-says/
The estimated cost of President Obama's signature health care law is continuing to fall.
<snip>
CBO issued its new estimates less than a week after the Supreme Court heard a case challenging a crucial provision of the law. It’s unclear how the justices will rule, and a decision against the Obama administration could make these estimates irrelevant.
In revising their estimates, the agency noted two trends.
The first is the relatively modest increase in how much private insurance companies spend on their policyholders' health care. Between 1998 and 2005, spending on health care increased by an average of 5 percent per year, adjusting for inflation and demographics. That figure fell to 1.8 percent per year for the period from 2006 to 2013, the latest year for which data are available.
<snip>
.
Obamacare’s projected cost falls due to lower premiums under health care law, CBO says
By Max Ehrenfreund
March 9
http://www.washingtonpost.com/blogs...eive-coverage-under-health-care-law-cbo-says/
The estimated cost of President Obama's signature health care law is continuing to fall.
<snip>
CBO issued its new estimates less than a week after the Supreme Court heard a case challenging a crucial provision of the law. It’s unclear how the justices will rule, and a decision against the Obama administration could make these estimates irrelevant.
In revising their estimates, the agency noted two trends.
The first is the relatively modest increase in how much private insurance companies spend on their policyholders' health care. Between 1998 and 2005, spending on health care increased by an average of 5 percent per year, adjusting for inflation and demographics. That figure fell to 1.8 percent per year for the period from 2006 to 2013, the latest year for which data are available.
<snip>
.