Taxpayers will pay over $53,000 per each person newly insured under Obamacare, according to a Daily Caller News Foundation analysis of the Congressional Budget Office data.
Last week’s highly debated CBO report found that Obamacare will cost slightly less than expected over the next decade. The budget office shifted its assessment of the health care law due to unexpectedly low premiums, which it attributed not to lowered costs but on “less attractive” health insurance offerings than it assumed would be available.
The Center on Budget and Policy Priorities, a liberal fiscal policy group, released its own analysis of the CBO findings Tuesday, concluding that the CBO had also cut the estimated cost of the Medicaid expansion on state budgets.
The CBO predicts that on average, federal taxpayers will now pay over 95% of the total cost of the Medicaid expansion. Fewer than expected Americans who were already eligible for traditional state Medicaid programs signed up for coverage while programs received free publicity due to the furor over the Medicaid expansion, leading to a lowered estimates of the Medicaid costs states will incur.