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CBO Confirms: The Health Care Law Reduces the Deficit

Posted on July 25, 2012 by TRP

This afternoon, the Congressional Budget Office (CBO) released its latest look at the Affordable Care Act – the health care law. This report affirms that repealing the health care law would deny tax credits for millions of middle class families and result in higher deficits and fewer Americans with insurance.

Once again, the Congressional Budget Office has found that repealing the health care law will increase the federal budget deficit by more than $100 billion in the first decade and more than a trillion dollars in the next decade. CBO also found that 30 million Americans would remain uninsured without the Affordable Care Act.

And CBO projects that most Governors will choose to expand their Medicaid programs. The Medicaid expansion is completely paid for by the Federal government in the first three years, and the Federal government will cover at least 90 percent of these costs in the years ahead.
MORE:  CBO Confirms: The Health Care Law Reduces the Deficit | The White House.

 


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