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

Fight disinformation. Get a daily recap of the facts that matter. Sign up for the free Mother Jones newsletter.

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.

ONE MORE QUICK THING:

Or at least we hope. It’s fall fundraising time, and we’re trying to raise $250,000 to help fund Mother Jones’ journalism during a shorter than normal three-week push.

If you’re reading this, a fundraising pitch at the bottom of an article, you must find our team’s reporting valuable and we hope you’ll consider supporting it with a donation of any amount right now if you can.

It’s really that simple. But if you’d like to read a bit more, our membership lead, Brian Hiatt, has a post for you highlighting some of our newsroom's impressive, impactful work of late—including two big investigations in just one day and covering voting rights the way it needs to be done—that we hope you'll agree is worth supporting.

payment methods

ONE MORE QUICK THING:

Or at least we hope. It’s fall fundraising time, and we’re trying to raise $250,000 to help fund Mother Jones’ journalism during a shorter than normal three-week push.

If you’re reading this, a fundraising pitch at the bottom of an article, you must find our team’s reporting valuable and we hope you’ll consider supporting it with a donation of any amount right now if you can.

It’s really that simple. But if you’d like to read a bit more, our membership lead, Brian Hiatt, has a post for you highlighting some of our newsroom's impressive, impactful work of late—including two big investigations in just one day and covering voting rights the way it needs to be done—that we hope you’ll agree is worth supporting.

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