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Insurance premium hikes from Obamacare will not be as severe as predicted: CBO

By David Morgan WASHINGTON (Reuters) – The average premium for an Obamacare benchmark plan will rise slightly in 2015 and increase about 6 percent a year during the rest of this decade, the nonpartisan Congressional Budget Office (CBO) said on Monday in a report the White House trumpeted as proof…

Gingrich labels Congressional Budget Office a ‘reactionary socialist institution’

Republican presidential candidate and former House Speaker Newt Gingrich used an unusual oxymoron to blast the Congressional Budget Office (CBO) in New Hampshire on Monday. Gingrich previously said if president he would abolish the CBO, a federal agency that provides independent economic data to Congress, because it found that health…

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