ObamaCare costs continue to slide

WASHINGTON — Five years after ObamaCare became law, the projected costs continue to tumble, according to a nonpartisan report released Monday.

Costs of providing health care under the Affordable Care Act are projected to be almost one-third less than what had been anticipated by the Congressional Budget Office in 2010.

Continued reductions in private insurance premiums are largely responsible for the decline, the CBO said, along with a slight reduction — to 24 million, down 1 million — in the number of Americans projected to gain insurance under the program.

“The slower growth has been sufficiently broad and persistent,” the congressional agency said.

Even since the last round of budget office estimates in January, the projected 10-year cost of providing health care under the Affordable Care Act has fallen 11 percent, from $1.3 trillion to $1.2 trillion, the CBO said.