CBO: If Subsidies End, Premiums and Deficit Will Soar - Diverse Health

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CBO: If Subsidies End, Premiums and Deficit Will Soar

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by Democrat-Gazette staff from wire reports

WASHINGTON — 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 Donald Trump carries out his threat to end certain subsidies paid to insurance companies for the benefit of low-income people, the Congressional Budget Office said Tuesday.

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