Healthcare

Spending on Obamacare to grow nearly $10 billion

By Robert King
Published December 15, 2016 6:17pm ET
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Spending on Obamacare to grow nearly $10 billion
The feds will spend 31 percent more to cover the tax subsidies for Obamacare as premiums rise, study finds. (Andrew Harrer/Bloomberg) | Andrew Harrer

Federal spending on Obamacare premiums is set to increase by nearly $10 billion next year as prices rise, according to a new estimate.

The Obama administration previously reported that Obamacare premiums for the 2017 coverage year would rise by an average of 22 percent for the second-cheapest silver Obamacare plans. Some regions will see price hikes of as much as 50 to 70 percent.

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Affordable Care Act Minusextra Robert King Spending Subsidies Tax Credits