The Congressional Budget Office lowered its estimate of the cost of the Affordable Care Act, citing new data and slower increases in health insurance premiums. The CBO estimates the total healthcare spending by private insurance per enrollee grew by an average of 1.8% per year form 2006-13 compared with an average of 5% per year from 1998-2005.
According to the report, the CBO projects fewer people will be uninsured — between 24 million and 25 million compared with the earlier projection of 26 million — and fewer people will lose employer-based health insurance than in earlier estimates.
However, for the 2016-18 period, the average cost of individual policies for the second-lowest cost silver plan healthcare exchanges is expected to increase at an average rate of 8.5% per year, according to the CBO.
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