Halting Obamacare subsidies would increase deficit, CBO says

THE CONGRESSIONAL BUDGET OFFICE estimates that cutting subsidies to the Affordable Care Act would raise total federal spending by billions of dollars over the next decade. / BLOOMBERG FILE PHOTO / KHOLOOD EID
THE CONGRESSIONAL BUDGET OFFICE estimates that cutting subsidies to the Affordable Care Act would raise total federal spending by billions of dollars over the next decade. / BLOOMBERG FILE PHOTO / KHOLOOD EID
NEW YORK – Health plan premiums for some in Obamacare will surge and the federal deficit will increase by almost $200 billion over a decade if President Donald Trump follows through on a threat to halt certain insurance subsidies under the law, the Congressional Budget Office said Tuesday. The CBO, which provides nonpartisan analysis of…

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