Tag: Congressional Budget Office

Taxpayers to commit $660 billion for health insurance subsidies in the US

S.Vagus
Health Insurance Expense

Subsidies to help cover the cost of coverage for those over the age of 65 are growing This year, taxpayers in the United States will commit more than $660 billion to help subsidize health insurance coverage for those over the age of 65, according to the. The federal agency has released one of its most comprehensive reports concerning the cost of subsidized insurance coverage, highlighting the potential these subsidies have to reduce the national deficit. According to the report, the 2016 tax bill accounts for 3.6% of the country’s gross…

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21 million people could lose their health insurance coverage under Trump plan

Logan B.
bills health insurance coverage rates

Analysis shows repealing the Affordable Care Act could have dire consequences The Committee for a Responsible Federal Budget has released an analysis of the health care plan proposed by presidential hopeful Donald Trump. The analysis suggests that Trump’s plan could result in approximately 21 million people losing their health insurance coverage. It may also cost some $270 billion over 10 years, if it was implemented. Another analysis from the Congressional Budget Office suggests that as many as 22 million people could lose their health insurance coverage if Trump’s plan is…

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Removal of the individual mandate would take health insurance coverage away from consumers

Marc
us health insurance reform

Individual mandate has ensured that consumers have insurance coverage The Affordable Care Act continues to be a source of controversy, especially because it requires all U.S. citizens to have health insurance coverage. This provision is called the individual mandate and it has placed some consumers under significant financial pressure. While all citizens must have insurance coverage, many also receive financial aid from the federal government, which helps cover the cost of health insurance policies purchased through exchanges that were established through the Affordable Care Act. Removing the individual mandate may…

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Expansion of health insurance coverage has been a boon for those with chronic illnesses

S.Vagus
research health insurance chronic illness

Study shows that health insurance coverage has grown significantly in the US The Harvard T.H. Chan School of Public Health has released a new study that shows that the expansion of health insurance coverage under the Affordable Care Act has had major benefits for those with chronic medical issues. The study suggests that those with chronic issues, such as high cholesterol and diabetes, are more likely to be properly diagnosed. By comparison, uninsured people that seek out medical services for their chronic conditions are unlikely to receive a proper diagnosis.…

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Health insurance subsidies are in danger in the US

Nordstrom
health insurance costs subsidies

Insurance costs could spike in the US if subsidies for health  coverage is struck down by the Supreme Court Health insurance costs could skyrocket in the United States, depending on a decision from the Supreme Court. The country’s highest court is set to begin hearing a case by the end of this week regarding the legality of subsidies offered by the federal government. Per the Affordable Care Act, the government offers subsidies that are meant to offset the cost of health insurance coverage acquired through a state or federal exchange.…

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