CBO says Obamacare costs set to fall

The sky actually wasn't falling when Obamacare began, but its costs apparently are now. The Congressional Budget Office on Monday said it expects the federal government will spend significantly less on Obamacare than had been projected. Instead of $1.35 trillion in costs from 2016 through 2025, Affordable Care Act-related expenditures are expected to be $1.207 trillion, the CBO said. That is an 11 percent reduction. The drop in projections is largely due to lower estimates for cost increases of health insurance sold on government-run marketplaces, and a slight reduction in the number of people expected to gain coverage under ACA-related programs, the agency said.