CBO’s Net Result for Obamacare in 2018: Premiums Up 15%, Subsidized Users Down 2 Million

Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.

The last time CBO published its “baseline” projection for the health insurance market was September 2017. Today they have a new one. Can you feel the excitement in the air?

Let’s go straight to Obamacare since I know that’s really all that anyone cares about. Here are the changes in CBO’s projections now that the great Republican repeal/sabotage effort has played out:

  • Premiums in 2018 are 15 percent higher than they originally projected last year.
  • The number of people receiving subsidies for Obamacare is down by 2 million (-19 percent).
  • The number of unsubsidized Obamacare users is up by 1 million. (17 percent)
  • The number of people eligible for Medicaid is down slightly (by less than half a million, or around -2 percent).

The rest of CBO’s numbers don’t make sense to me because they don’t seem to add up. For what it’s worth, though, they also project that the number of uninsured will decline by about a million. They also project that last year’s changes will decrease the deficit by $50 billion, but that has little to do with Obamacare. It’s mostly to do with changes to employer health care payouts and reductions in Medicaid payments.

THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

payment methods

THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate