Joint Committee On Taxation Estimate News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Back in february, republicans attacked democrats over a cbo report showing the health care law was reducing the labor supply by about two million workers in 2017. now the tables have turned with this morning s headlines which have democrats celebrating and republicans strikingly silent. a new report from the cbo projects the health care law will cost $5 million less than expected this year and $104 billion less than projected over the next decade, mostly because premiums will be cheaper than previously estimated. federal subsidies will also cost less. $3 billion less this year and $164 billion over the next ten years. the cbo and joint committee on taxation estimate that the national average cost for the second lowest cost silver plan on the exchanges will rise only slightly in 2015 from an average of $3800 this year to $3900. premiums are expected to go up more rapidly after that to $4400 in 2016 and $6900 by 2024. ....

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