(Bloomberg Politics) — The fate of President Obama's signature health care law may turn on a forthcoming ruling by the U.S. Supreme Court, but a new report by the Congressional Budget Office finds that, if left untouched, the Affordable Care Act is poised to become even more so.
Obamacare, as it is commonly known, will cost 20 percent less than previously projected over the next decade, the CBO said Monday. The reason for the revised estimate is a result of a decline of health care inflation, the Los Angeles Times reported. In addition, the number of uninsured Americans has fallen by 12 million, the CBO estimates, and an additional 24 million are expected to gain insurance by the end of 2016.
Through 2019, the law's insurance provisions will cost an estimated $571 billion, down $139 billion from the CBO's initial estimates.
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