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Federal Subsidies for Health Insurance Coverage for People Under Age 65: 2019 to 2029

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  • Congressional Budget Office

Abstract

The federal government subsidizes health insurance for most Americans through a variety of programs and tax provisions. CBO and the staff of the Joint Committee on Taxation project that the federal subsidies, taxes, and penalties associated with health insurance coverage for people under age 65 will result in a net subsidy from the federal government of $737 billion in 2019. Under current law, that annual sum is projected to reach $1.3 trillion in 2029, mostly for Medicaid and the Children’s Health Insurance Program, and tax benefits for work-related insurance.

Suggested Citation

  • Congressional Budget Office, 2019. "Federal Subsidies for Health Insurance Coverage for People Under Age 65: 2019 to 2029," Reports 55085, Congressional Budget Office.
    • Handle: RePEc:cbo:report:55085
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    File URL: https://www.cbo.gov/system/files/2019-05/55085-HealthCoverageSubsidies_0.pdf
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    Cited by:

    1. Jonathan Gruber & Benjamin D. Sommers, 2019. "The Affordable Care Act’s Effects on Patients, Providers and the Economy: What We’ve Learned So Far," NBER Working Papers 25932, National Bureau of Economic Research, Inc.
    2. Aparna Soni, 2022. "The impact of the repeal of the federal individual insurance mandate on uninsurance," International Journal of Health Economics and Management, Springer, vol. 22(4), pages 423-441, December.
    3. Benjamin R. Handel & Jonathan T. Kolstad, 2021. "The Affordable Care Act After a Decade: Industrial Organization of the Insurance Exchanges," NBER Working Papers 29178, National Bureau of Economic Research, Inc.
    4. Daniel Béland & Michael Howlett & Philip Rocco & Alex Waddan, 2020. "Designing policy resilience: lessons from the Affordable Care Act," Policy Sciences, Springer;Society of Policy Sciences, vol. 53(2), pages 269-289, June.
    5. Maria Polyakova & Stephen P. Ryan, 2019. "Subsidy Targeting with Market Power," NBER Working Papers 26367, National Bureau of Economic Research, Inc.

    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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