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Employer-sponsored insurance breaks to cost $268B this year

The CBO says health insurance subsidies will exceed $600 billion this year.

By Dan Cook | Updated on March 29, 2016
Photo: Getty Images

The total cost of all those receiving subsidized health insurance will exceed $600 billion this year, with the majority of the American public receiving subsidized health insurance being employed full time. Only a only a small number are obtaining subsidized insurance through an insurance exchange, and about the same number have no insurance this year.

That’s what a Congressional Budget Office (CBO) analysis of the American health insurance landscape says. The CBO report only considered those under age 65. It found the next largest group with insurance, and with subsidies, were the one-quarter of under-65 Americans enrolled in Medicaid or the Children’s Health Insurance Program.

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Dan Cook

Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.

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