Good God! ObamaCare Exchange Subsidy Cost Jumps By $233 Billion, now more than $1 Trillion bit.ly/11oyrE7 #TCOT via @ibdinvestors
— Andrew Malcolm (@AHMalcolm) February 6, 2013
◼ The CBO's new baseline estimate shows that ObamaCare subsidies offered through the insurance exchanges — which are supposed to be up and running by next January — will total more than $1 trillion through 2022, up from $814 billion over those same years in its budget forecast made a year ago. That's an increase of nearly 29%. - IBD
The CBO upped the 10-year subsidy cost by $32 billion since just last August.
In part, this jump is because more people will get insurance via the exchanges than it had forecast. Where the CBO had seen 22 million enrolled in an exchange in 2022, it now figures 25 million will be.
