Cut that Trump has threatened for months would increase deficit by $194bn by 2026, says nonpartisan Congressional Budget Office

Consumers would pay 20% more for some of the country’s most popular health insurance plans if Donald Trump followed through on a threat to cut subsidies to insurers, according to a new analysis by the nonpartisan Congressional Budget Office.

The CBO projection, which was released on Tuesday, also estimated that terminating the subsidy payments would increase the federal deficit by $194bn by 2026. The payments reimburse insurance companies for covering some low-income enrollees.

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