April 14 (Bloomberg) — The health law will cost $104 billion less over the next decade, the Congressional Budget Office said after premiums for private Obamacare plans came in lower than the agency expected.
The premium for a benchmark "silver" level plan, the second-most generous available, will average $4,400 in 2016, the CBO said today in a report – 15 percent less than it forecast in 2009. The budget office reports regularly on the economic effects of the law.
About 6 million people on average are expected to be enrolled in 2014 in private health plans through insurance exchanges created by the Patient Protection and Affordable Care Act, the budget agency said. The U.S. health secretary, Kathleen Sebelius, said last week that 7.5 million people signed up for private plans with enrollment set to end tomorrow.
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