CONGRESSIONAL BUDGET OFFICE COST ESTIMATE: American Health Care Act

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11. CBO predictions on the ACA were right on the money.

https://talkingpointsmemo.com/dc/cbo-obamacare-american-health-care-act

Elmendorf, now the Dean of Harvard's Kennedy School of Government, agreed that on the big questions surrounding the ACA, the CBO has been vindicated.

"CBO was right that insurance coverage would rise sharply under the ACA, which a number of prominent people disagreed with at the time," he told TPM. "CBO was right that employers would not stop offering health insurance in large numbers. The CBO was right, roughly, about the level of insurance premiums today."

"Premiums came in below CBO's forecast, but they've since caught up," he clarified. "CBO estimated what insurers would need to charge in order to cover their costs. But in fact, for the first few years, insurers charged less and suffered losses. Now they are charging closer to what CBO expected."