Federal Subsidies for Health Insurance Coverage for People Under Age 65: 2019 to 2029

Congressional Budget Office

No 55085, Reports from Congressional Budget Office

Abstract: The federal government subsidizes health insurance for most Americans through a variety of programs and tax provisions. CBO and the staff of the Joint Committee on Taxation project that the federal subsidies, taxes, and penalties associated with health insurance coverage for people under age 65 will result in a net subsidy from the federal government of $737 billion in 2019. Under current law, that annual sum is projected to reach $1.3 trillion in 2029, mostly for Medicaid and the Children’s Health Insurance Program, and tax benefits for work-related insurance.

JEL-codes: H30 I13 I18 (search for similar items in EconPapers)
Date: 2019-05-02
New Economics Papers: this item is included in nep-ias
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Citations: View citations in EconPapers (6)

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