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Federal Subsidies for Health Insurance Coverage for People Under Age 65: 2017 to 2027

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  • Congressional Budget Office

Abstract

CBO and the staff of the Joint Committee on Taxation project that the federal subsidies, taxes, and penalties associated with health insurance coverage for the noninstitutionalized population under age 65 will result in a net subsidy from the federal government of $705 billion, or 3.7 percent of GDP, in 2017. For the entire 2017–2027 period, the projected net subsidy is $9.2 trillion. On average, about 28 million people—10 percent of that population—will be uninsured in 2017.

Suggested Citation

  • Congressional Budget Office, 2017. "Federal Subsidies for Health Insurance Coverage for People Under Age 65: 2017 to 2027," Reports 53091, Congressional Budget Office.
    • Handle: RePEc:cbo:report:53091
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    File URL: https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53091-fshic.pdf
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    Cited by:

    1. Mark Duggan & Atul Gupta & Emilie Jackson, 2022. "The Impact of the Affordable Care Act: Evidence from California's Hospital Sector," American Economic Journal: Economic Policy, American Economic Association, vol. 14(1), pages 111-151, February.

    More about this item

    JEL classification:

    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • I13 - Health, Education, and Welfare - - Health - - - Health Insurance, Public and Private
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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