CBO: $10B/Year Reinsurance, Subsidy Plan Would Run $34.4B Over 10

The Congressional Budget Office estimates that providing $10 billion a year in federal funding to either create a reinsurance program or set up additional subsides starting in 2020 would cost about $34.4 billion over 10 years, and would increase the number of insured Americans by about 100,000 to 200,00 each year, mostly for those earning above 400% of the federal poverty level. The State Health Care Premium Reduction Act (HR 1425), sponsored by Rep. Angie Craig (D-MN), was reported out...