Recommended Reading
Two-Tier Recovery

GOP’s Push For Health Law Repeal Would Increase Deficit By $230 Billion Over 10 Years

Igor Volsky:

ThinkProgress » New CBO Analysis: GOP’s Push For Health Law Repeal Would Increase Deficit By $230 Billion Over 10 Years: Moments ago, the Congressional Budget Office released its cost estimate for the GOP’s health care repeal bill — H.R. 2, the Repealing the Job-Killing Health Care Law Act, introduced yesterday in the House by the new Republican majority:

32 million Americans will lose coverage compared to current law.... Increases deficit by $230 billion over 10 years.... "CBO estimates that enacting H.R. 2 would increase federal deficits in the decade after 2019 by an amount that is in a broad range around one-half percent of GDP, plus or minus the effects of technical and economic changes that CBO and JCT will include in the forthcoming estimate. For the decade beginning after 2021, the effect of H.R. 2 on federal deficits as a share of the economy would probably be somewhat larger.”... Individuals would pay more for health insurance.... Average health care benefits would be worse.... Premiums for employer-sponsored insurance would increase...

Comments