May 25, 2018
This week, the Congressional Budget Office (CBO) released a report updating estimates on insurance coverage and subsidies for individuals under 65 from 2018 to 2028. Below are a few highlights:
CBO also includes extensive discussion of how this year’s report varies from last September’s comparable analysis. CBO notes that this year’s report found an average of three million more uninsured people between 2018 and 2027. However, CBO notes the fluctuation of the change over the 10-year window and how it compares to previous CBO estimates: in 2018, one million fewer people are projected to be uninsured; in 2027, five million more people are projected to be uninsured. The primary reason for this, according to the report, is the elimination of the individual mandate penalty. CBO also notes that the projections in this report use revised methods to estimate the effects of eliminating the penalty. Using the updated methodology, CBO estimates that the reduction in health insurance coverage is about one-third smaller than the agency previously estimated.
For more information, please contact Mara McDermott.