Fwd: Insurance

'It suggests that the federal government is on track to spend at least $11 billion on subsidies for consumers who bought healthcare plans on marketplaces run by the federal government, even accounting for the fact that many consumers signed up for coverage in late March and will only receive subsidies for part of the year…

If these state consumers received roughly comparable government assistance for their insurance premiums, the total cost of subsidies could top $16.5 billion this year. Making precise estimates is difficult because of expected fluctuations in enrollment over the year…

Consumers who make less than four times the federal poverty level, or about $94,000 a year for a family of four, qualify for subsidies to offset the cost of their premiums in most places.'

http://www.latimes.com/nation/politics/la-na-obamacare-subsidies-20140617-story.html

'CBO: Cost of Obamacare Subsidy Will Increase 8-Fold in 10 Years

In 2024, the last year in the CBO estimates, the Obamacare subsidies will increase to $137 billion.

The combined $707 billion that the federal government will spend on Medicaid and Obamacare subsidies in 2024 is roughly equal to the $716 billion the CBO estimates the government will spend on national defense that year.'

http://cnsnews.com/news/article/terence-p-jeffrey/cbo-cost-obamacare-subsidy-will-increase-8-fold-10-years

'A total of 11.3 percent of Americans were uninsured in the first half of this year, down from 14.4 percent last year before the rollout of the Affordable Care Act.'

http://thehill.com/policy/healthcare/227573-uninsured-rate-slated-to-reach-unprecedented-low-under-obamacare