End to ACA subsidies would cause huge increases in insurance premiums and in the federal deficit

Premiums for the most popular health insurance plans would shoot up 20 percent next year, and federal budget deficits would increase by $194 billion in the coming decade if President Trump carries out his threat to end certain subsidies paid under the Affordable Care Act to insurance companies for the benefit of low-income people, reports the New York Times, summarizing a Congressional Budget Office report released today.

The CBO report is here. The New York Times article about the CBO report is here.

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