...AND CHEAPER...:

Floridians sign up for the Affordable Care Act in February. The nonpartisan Congressional Budget Office projects the law will cost the government 11% less than their forecast six weeks ago. Getty Images

Nearly five years after President Barack Obama signed the Affordable Care Act into law, federal budget scorekeepers have sharply revised down the projected costs of the signature bill.

In the latest projection, published by the nonpartisan Congressional Budget Office on Monday, the major provisions of the law will cost the government 11% less than they forecast six weeks ago, or $142 billion over the coming decade.

Overall, the health-care law will now cost 29% less for the 2015-19 period than was first forecast by the CBO when the law was signed in March 2010.

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