Talking about The GOP’s Health Care Repeal Problem: $230 Billion In Lost Revenue And Counting | TPMDC

 

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The GOP’s Health Care Repeal Problem: $230 Billion In Lost Revenue And Counting | TPMDC

Today, CBO forecast that the 10-year cost of repealing health care reform is actually $230 billion. That’s nearly $100 billion higher than one might have expected, given that just under a year ago, the same budget analysts concluded that the Affordable Care Act would reduce the deficit by $143 billion in the first decade. And if the CBO’s projections for the law hold, the cost of repeal will grow larger and larger the longer the law stays in effect. CBO’s initial cost estimate of the health care law — the $143 billion in additional revenue that its various cost-cutting and revenue-raising measures would bring to the Treasury — covered the impact of the bill between its enactment and the end of 2019. But the CBO also predicted that in the second decade, as cost cutting, spending, and revenue measures take fuller effect, the bill’s deficit reducing impact would increase dramatically. One year later, and the 10-year window takes us into that second decade, when the health care law will bring more money in.

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