The budget office projects that average premiums will total $3,400 for a 21 year old, $4,800 for a 45 year old, and $9,800 for a 64 year old this year.
The CBO says that many of these individuals will be sheltered from premium increases due to government subsidies. The government subsidizes health care coverage in other ways, including funding for Medicaid, Medicare, and tax credits for work-related coverage.
“The costs of those subsidies are partly offset by taxes and penalties related to health insurance coverage that the federal government collects,” the report states. “Provided that current law did not change, the net federal subsidy for health insurance coverage for people under age 65—that is, the cost of all the subsidies minus the taxes and penalties—would be about $705 billion in 2017 and would total $9.2 trillion over the 2018-2027 period.”