Congressional Budget Office Archives

The Rising Tide of Uninsured Americans and the Looming Threat of ACA Subsidies Ending in 2026

August 7, 2024August 6, 2024 Live Insurance News

Uninsured Americans Rise to 27.1 Million in Early 2024, CDC Reports The latest figures from the Centers for Disease Control and Prevention (CDC) are sounding alarms across the healthcare landscape. More than 8% of Americans were uninsured during the first months of 2024, a significant uptick from the record-low uninsured rates observed in the wake of the COVID-19 pandemic. According to the CDC’s National Health Interview Survey, an estimated 27.1 million Americans of all ages lacked health insurance by March 2024. This marks an increase of 3.4 million uninsured individuals…

Congressional Budget Office predicts $800 million bill for 5 years of CHIP

January 12, 2018January 15, 2018 Nordstrom

The Children’s Health Insurance Program covers almost 9 million low income kids in the country. The Congressional Budget Office released a prediction from its analysts that the Children’s Health Insurance Program (CHIP) will cost $800 million for a 5 year renewal. This total could help lawmakers to overcome one of the main challenges to the program’s renewal. Some states risk running out of funding for their kids’ coverage as soon as the close of this month. Prior analyst estimates suggested the cost of renewing CHIP would be closer to $8.2…

Congressional Budget Office accuses Trump administration policies of hurting ACA

September 20, 2017September 18, 2017 H. Cutner

health care congressional budget office report

A new report from the CBO predicts that uninsured American numbers will rise under President Trump. The Congressional Budget Office (CBO) recently released a report predicting that Trump’s health care policies will be to the detriment of the Affordable Care Act’s success. Despite the GOP’s efforts to overturn the ACA, the Trump Administration’s policies will foster rising premiums and falling enrollment in individual health insurance markets in 2018. The report suggested that the President Donald Trump’s strategy is causing direct harm to health care. Trump had said that his strategy…

Health insurance premiums and deficit climb with Trump’s mountain of threats

August 17, 2017August 16, 2017 Nordstrom

donald trump health insurance executive order

The Congressional Budget Office released a statement outlining the financial impact if the president goes ahead with his plans. Health insurance premiums for the most popular plans are going to spike by 20 percent in 2018 if President Trump moves forward with his current threats to the Affordable Care Act. This data was released by the Congressional Budget Office. It also said Trump’s plans would harm the federal budget deficits by increasing them by $194 billion. The federal deficit would suffer by nearly 200 billion over the next ten years…

Health insurance coverage among U.S. adults drops by 2 million

July 12, 2017July 10, 2017 Logan B.

affordable care act health insurance coverage

Some have interpreted these numbers as a reduction in the Affordable Care Act’s gains. New Gallup-Sharecare Well-Being Index figures suggest health insurance coverage rates may have fallen this year. After years of improvements in the uninsured Americans statistics following the Affordable Care Act, those figures have started to erode. The index stated that the number of uninsured Americans grew by 2 million people in 2017. The Gallup-Sharecare Well-Being Index was based on a survey of American adults. The survey showed an 11.7 percent uninsured rate throughout the second quarter of…