White House reverses $10B in cuts to ACA cost-sharing subsidies
By Paul Demko
Posted: March 13, 2014 – 6:30 pm ET Modern HealthCare
The White House has decided to reverse roughly $10 billion in cuts to the cost-sharing subsidies that were part of the Patient Protection and Affordable Care Act
. That program was originally expected to be slashed by 7.3 % in fiscal 2015 and beyond as part of the sequester cuts.
But in a report released this week by the Office of Management and Budget—and first flagged by the Committee for a Responsible Federal Budget—the Obama administration didn’t include the cost-sharing subsidies among the programs that will be subject to the sequester cuts. That’s a reversal from the previous year.