Obamacare Extras Cost $553 Billion, Add Millions to Public Plans

Oct. 19, 2021, 7:54 PM

Obamacare enhancements central to Democrats’ health agenda would cost $553.2 billion and extend coverage to nearly 4 million Americans over a decade, according to a nonpartisan analysis released Tuesday.

Enrollment in Medicaid and individual health plans subsidized by the Affordable Care Act would increase by 4 million and 3.6 million respectively, according to the Congressional Budget Office. At the same time, enrollment in unsubsidized individual plans and employer-sponsored insurance—i.e., private-sector funded coverage—would decrease by 1 million and 2.8 million respectively.

The report shows how costly these provisions would be if implemented as proposed by House Democrats. It doesn’t include Democrats’ ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.