Home > Uncategorized > CBO: Repealing ObamaCare would cost $137 billion

CBO: Repealing ObamaCare would cost $137 billion

CBO: Repealing ObamaCare would cost $137 billion

CBS News ^ | 6/19/15 | Kate Gibson

Posted on 6/20/2015, 3:23:53 AM by Libloather

With the U.S. Supreme Court set to rule on a key element of the Affordable Care Act (ACA), the Congressional Budget Office (CBO) has estimated the financial impact of repealing the health law on the economy.

Striking down Obamacare, as the federal insurance program is called, would increase the nation’s budget deficit by a net $137 billion over a 10-year period, according to the nonpartisan CBO, which analyzes budgetary and economic issues on behalf of lawmakers.

The total budget gap between 2016 and 2025 would rise by $353 billion as a result of eliminating Obamacare, according to the CBO, which produced the report the staff of the Joint Committee on Taxation (JCT).

(Excerpt) Read more at cbsnews.com …

via CBO: Repealing ObamaCare would cost $137 billion.

via CBO: Repealing ObamaCare would cost $137 billion.

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