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Uncle Sam The government could also get about $21 billion in health coverage program penalty payments this year, which would reduce the average net spending on subsidies. (Image: Thinkstock)

The U.S. federal government now spends about $705 billion on health coverage subsidies and tax breaks per year for the 273 million people who are under 65, according to the Congressional Budget Office.

Allison Bell

Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at abell@alm.com or on Twitter at @Think_Allison.

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