The Congressional Budget Office plans to release updated 10-year baseline budget projections on Thursday, May 2, at 2:00 p.m. CBO’s current projections can be found in The Budget and Economic Outlook: 2019 to 2029, which was released in January.
At the same time, CBO will release Federal Subsidies for Health Insurance Coverage for People Under Age 65: 2019 to 2029. The report provides estimates for the 2019–2029 period of the number of noninstitutionalized people under age 65 with health insurance and the federal costs associated with each kind of subsidy. Specifically, the report includes estimates of the federal cost of subsidizing health insurance purchased through the Affordable Care Act’s marketplaces, of spending to subsidize insurance provided through the Basic Health Program, and of net spending and revenues associated with stabilizing insurance premiums, as well as of enrollment in the marketplaces and of the number of uninsured people. CBO’s updated baseline budget projections will incorporate those estimates. The report is the most comprehensive update since the previous edition was published in May 2018.
In addition, each year, CBO works with the staff of the Joint Committee on Taxation to estimate the budgetary effects of the changes to spending programs and the tax code proposed in the President’s budget. CBO expects to release that analysis of the President’s budget in mid-May.
Deborah Kilroe is CBO’s Associate Director for Communications.