The individual market is turning out to be an expensive variation on Medicaid, according to data from the CBO and the Centers for Medicare and Medicaid. (Photo: Shutterstock)
Government subsidies for the purchase of health insurance under the Affordable Care Act have risen to the point at which per-person spending on Medicaid expansion is cheaper.
As Modern Healthcare reports, the costs of those premium subsidies have more than doubled since 2014. According to a Congressional Budget Office projection, they'll “nearly double again over the next decade.”
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
