Via the Washington Post Wonkblog:
The Congressional Budget Office announced on Monday that the Affordable Care Act will cost $142 billion, or 11 percent, less over the next 10 years, compared to what the agency had projected in January.
The nonpartisan agency said the Affordable Care Act will cost less for two essential reasons. The first, and most significant, is that health insurance premiums are rising more slowly, and thus requires less of a government subsidy.
In addition, slightly fewer people are now expected to sign up for Medicaid and for subsidized insurance under the law’s marketplaces. That’s because the agency now says that more people than anticipated already had health insurance before the law took effect, and fewer companies than anticipated are canceling coverage.
Faster, cheaper, better and almost on time…