Tuesday, September 10, 2013

CBO finds one House bill to delay individual mandate would save $35 billion

Giddy up...

Via The Daily Caller:

The House bill to delay Obamacare’s individual mandate would save $35 billion dollars, according to a Congressional Budget Office analysis.
After the Obama administration revealed it would not enforce the employer mandate — a requirement that large companies provide their employees health insurance — until January 2015, the House quickly passed a measure that would not only codify that delay, but put off the individual mandate by one year as well.
The CBO found that just a one-year delay of the individual mandate would save $35 billion over ten years. But the basic cost structure of the Affordable Care Act would remain intact.[...]
Not enforcing the employer mandate while still requiring individuals to purchase health insurance would have increased participation in Obamacare exchanges, piling on an additional $3 billion in subsidies, according to the CBO. Presumably this cost would be nullified by the House bill to delay the individual mandate.

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