That's what the Congressional Budget Office (CBO) says. They say that repealing the law would increase our budget deficit over the 2013-2022 period by $109 billion. This is the result of net savings from eliminating the insurance coverage provisions being more than offset by the combination of other spending increases and revenue reductions.
However, there would be savings between $10 and $30 billion from the IRS and Health & Human Services.
There are social costs of repeal, about 30 million fewer nonelderly people would have health insurance in 2022 than under current law, leaving a total of about 60 million non-elderly people uninsured. Further, after 2022 deficits would increase.
No comments:
Post a Comment