March 28, 2016

ACA costs rising

By: Judy Mathias
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Editor's Note

Over the next 10 years, the Affordable Care Act (ACA) will cost $1.34 trillion, which is $136 billion more than the Congressional Budget Office predicted a year ago, the San Francisco Chronicle reports.

The hike in costs is mostly a result of higher-than-expected enrollment in the expanded Medicaid program.

The number of uninsured this year is projected to be 27 million.

 

WASHINGTON (AP) - Expanded health insurance coverage under the Affordable Care Act, President Barack Obama's signature legislative legacy, will cost the government more, according to an official study released Thursday. CBO said part of the shrinkage is attributable to the health care law: some workers may qualify for Medicaid, which is virtually free to them, and certain employers may decide not to offer coverage because a government-subsidized alternative is available.

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