Ending Obamacare subsidies would increase premiums by 20 percent in 2018, CBO says

If President Trump follows through on his threat to stop paying billions of dollars of subsidies critical to insurance plans  under the Affordable Care Act, insurance premiums for certain plans would rise by 20 percent next year, according to a new analysis by the nonpartisan Congressional Budget Office.

The cancellation of subsidies could lead some insurers to withdraw from the program, potentially leaving 5 percent of Americans living in areas with no insurance options for 2018 — although within two years, CBO said insurers should be able to adjust to the change.

The subsidies, called cost-sharing reductions , are used to help lower-income Americans afford their deductibles and co-payments.

Continue reading: Washington Post