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CBO: Obamacare Premiums Will Increase Faster Than Private Plans

Discussion in 'News & Current Events' started by Revmitchell, Mar 10, 2015.

  1. Revmitchell

    Revmitchell Well-Known Member
    Site Supporter

    Feb 18, 2006
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    Obamacare health insurance premiums will grow faster than either private policies or the federal government in coming years, according to the Congressional Budget Office.

    In a report released Monday, the CBO issued updated budget projections showing that “premiums for policies sold through the exchanges are expected to increase more rapidly than the underlying trend in spending” between 2016 and 2018.

    The CBO projects that the average premium for Obamacare policies will increase by 8.5 percent annually in those years, while federal spending is expected to grow by just below 5 percent per year over the same period.