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Government will pocket $8B profit from ObamaCare ‘bailout’ program, CBO says
Erik Wasson thehill.com The non-partisan Congressional Budget Office (CBO) on Tuesday threw a potential wrench into House Republican plans to tie an elimination of ObamaCare risk corridors to the next debt-ceiling increase. The CBO now says that the program, which critics deride as an insurance "bailout," will earn the government $8 billion over the 2015 to 2017 period. Last May, the CBO said that the program had not net budgetary effect. The government will pay insurers $8 billion over the period but will collect $16 billion in return from companies, yielding a net benefit. to read more: thehill.com
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