The Congressional Budget Office says insurance subsidies to consumers will rise by 11% in 2016, the result of changes to the law as well as congressional action that will prevent Obamacare from taking in as much cash as anticipated. The Hill: Federal health insurance subsidies are expected to cost the federal government about $660 billion in 2016, which includes an 11 percent increase in the cost of ObamaCare subsidies, according to the Congressional Budget Office (CBO). Much of the $136 billion in extra health spending stems from “significantly higher” enrollment in Medicaid, the federal health program for low-income people, according to the CBO’s latest annual report on healthcare spending. The cost is also going up by about $28 billion because of Congress's recent legislation that postponed what's called the "Cadillac tax," on high-cost insurance plans. That bill also made the tax deductible to employers, further decreasing the...(Read Full Post)