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The Price Tag To Help Make Health Insurance Affordable For Americans? Nearly $700 Billion A Year

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Bloomberg 05.23.2018 - It Costs $685 Billion a Year to Subsidize U.S. Health Insurance

 

It will cost the U.S. government almost $700 billion in subsidies this year help provide Americans under age 65 with health insurance through their jobs or in government-sponsored health programs, according to a report from the nonpartisan Congressional Budget Office.

 

The subsidies come from four main categories.

  • About $296 billion is federal spending on programs like Medicaid and the Children’s Health Insurance Program, which help insure low-income people.
  • Almost as big are the tax write-offs that employers take for providing coverage to their workers - $ 279 billion
  • Medicare-eligible people, such as the disabled, account for $82 billion.
  • Subsidies for Obamacare and for other individual coverage are at $55 billion.
 

In total, the subsidies are equivalent to about 3.4 percent of the U.S. gross domestic product.

 

 

 

 


* * * * It's Always Something . . . Roseanne Roseannadanna
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