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…
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Congressional Budget Office accuses Trump administration policies of hurting ACA
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…
Read MoreHealth insurance premiums and deficit climb with Trump’s mountain of threats
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…
Read MoreNew report calls into question the availability of employer-sponsored health insurance
Report predicts that employers could put an end to their insurance plans The Congressional Budget Office has released a report that predicts that 10 million people will lose their employer-sponsored health insurance coverage by 2021. The report suggests that this will be due to provisions of the Affordable Care Act. If accurate, this prediction would run opposite to a statement from the White House that ensured people that they would be able to keep their health insurance coverage. This statement has already been scrutinized in the past, when insurers opted…
Read MoreHealth insurance provision delay could be a costly measure
Health insurance provisions of the Affordable Care Act could cost the country money The Congressional Budget Office has released a new report concerning the delay of certain provisions of the Affordable Care Act. Early in July, the Obama administration decided that a number of key provisions of the Affordable Care Act would be delayed in order to allow businesses to better prepare for the financial implications of the federal law. The delayed provisions are focused on small businesses, requiring them to provide health insurance coverage to full-time workers. Small businesses…
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