CBO and the Joint Committee on Taxation estimated the effects on the federal budget, health insurance coverage, market stability, and premiums if payments for cost-sharing reductions would end after December 2017.
Tomorrow afternoon, CBO expects to release a report, which is being prepared with the staff of the Joint Committee on Taxation, about the effects of terminating payments for cost-sharing reductions.
CBO and the Joint Committee on Taxation will soon release estimates of the effects of the version of H.R. 1628, the Better Care Reconciliation Act, posted this morning on the Senate Budget Committee’s website.
Later today, CBO and the Joint Committee on Taxation (JCT) will release estimates of the effects of the Obamacare Repeal Reconciliation Act of 2017.
CBO will release its analysis of the President’s fiscal year 2018 budget on Thursday, July 13th at 11:00 a.m. The report will be available on CBO’s website.
Medicaid spending under the Better Care Reconciliation Act of 2017 would be about 35 percent lower in 2036 compared with CBO’s extended baseline. Such spending under the bill would increase each year throughout the next two decades.
Under current law, deficits in CBO’s baseline projections continue to climb over the next decade, driving up federal debt. Economic growth remains modest, at about 2.0 percent through 2018 and then 1.9 percent later in the period.