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WASHINGTON — The Affordable Care Act’s health insurance subsidies will cost a little less than previously thought, according to a new report released Monday.
The Congressional Budget Office predicts that health insurance subsidies under the federal program will total a little more than $1 trillion over the next 10 years, instead of almost $1.2 trillion initially estimated.
The budget office said the 8 percent cut results largely from tighter cost controls by insurance companies offering plans on health care exchanges. Generally speaking, the plans offered on the exchanges pay health care providers less and have tighter management of patients’ treatment options, and that means lower premiums and taxpayer subsidies.
The White House and its Democratic allies on Capitol Hill, have been under assault politically after the health care law’s troubled rollout.