Report: Obamacare To Cost ‘Billions Of Dollars Less Than Originally Projected’

Among the GOP’s myriad criticisms of the Affordable Care Act, one of the loudest has centered around the law’s price tag. But according to one report, Obamacare won’t be as costly as expected.

The New York Times reported Tuesday that “the government is expected to spend billions of dollars less than originally projected on the law.”

The adjusted estimate is a result of the law’s Medicaid expansion and the subsidies for private insurance plans proving less costly than initially anticipated. According to the Times, economists say that the law has also benefitted from a weak economy over the last half-decade, during which time health spending has slowed dramatically. 

It still remains unclear if Obamacare’s cost-control mechanisms will work effectively when the economy improves and health spending rises once again.

Roughly 100,000 people signed up for insurance last month using the troubled online federal health exchange HealthCare.gov.

 

This post has been updated.

Dear Reader,

When we asked recently what makes TPM different from other outlets, readers cited factors like honesty, curiosity, transparency, and our vibrant community. They also pointed to our ability to report on important stories and trends long before they are picked up by mainstream outlets; our ability to contextualize information within the arc of history; and our focus on the real-world consequences of the news.

Our unique approach to reporting and presenting the news, however, wouldn’t be possible without our readers’ support. That’s not just marketing speak, it’s true: our work would literally not be possible without readers deciding to become members. Not only does member support account for more than 80% of TPM’s revenue, our members have helped us build an engaged and informed community. Many of our best stories were born from reader tips and valuable member feedback.

We do what other news outlets can’t or won’t do because our members’ support gives us real independence.

If you enjoy reading TPM and value what we do, become a member today.

Latest Livewire
Comments
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Associate Editor:
Investigations Desk:
Reporters:
Newswriters:
Director of Audience:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: