WASHINGTON — Lower-than-expected health insurance premiums under Obamacare will help cut the long-term cost of the program 7 percent over the next decade, according to the latest report from the Congressional Budget Office. The government's reduction of $104 billion in subsidies for those premiums was the main factor that led the nonpartisan fiscal watchdog to cut its projection of the nation's federal deficit by nearly $300 billion through 2024. According to the CBO report, released Monday, the average annual premium for the new health care exchanges' midlevel Silver plan - used as a benchmark - is expected to be $4,400 by 2016....
↧