cbo

Veterans Could Get $50 Billion a Year in New Health Care

Sen. John McCain, R-Ariz., is a co-sponsor on the bill. (Bill Clark/CQ Roll Call File Photo)

As the Senate voted overwhelmingly to pass legislation designed to fix problems at the Department of Veterans Affairs, the amount of new spending in the measure began to clarify.  

And the price tag could be a gut-check when it comes to understanding what it really costs to fulfill sacred obligations to America's veterans. The cost of the measure could be astronomical.  

The Shrinking Obamacare Individual Mandate

CBO Director Douglas W. Elmendorf (Tom Williams/CQ Roll Call File Photo)

It's the tax at the heart of Obamacare, but just more than 1 percent of Americans will end up paying it, according to an analysis by the Congressional Budget Office.  

The CBO and the Joint Committee on Taxation (JCT) slashed their estimates for how many people will pay the individual mandate tax penalty in 2016 by a third — to 4 million from 6 million — citing exemptions granted by the Obama administration, including exemptions for people whose plans were cancelled because they did not meet the Affordable Care Act's requirements.