WASHINGTON (Reuters) – An effort by Republicans in the House of Representatives to repeal the healthcare law enacted last year would add to already huge federal budget deficits, the Congressional Budget Office warned on Thursday.
In a preliminary estimate of legislation the House is set to begin debating on Friday, the CBO said that repealing the Democrats' signature healthcare law would increase federal budget deficits by roughly $145 billion by the end of the decade, a slight revision of its earlier $143 billion.
That figure would rise to $230 billion by 2021, the CBO said.
The CBO also said repeal would result in 32 million fewer people having health insurance.
Republicans won majority control of the House last November after promising to repeal the healthcare law and slash the deficit, now at around $1.3 trillion.
Answer by jewjewbee at 12:39 PM on Jan. 6, 2011
Answer by jewjewbee at 12:41 PM on Jan. 6, 2011
Answer by gemgem at 12:41 PM on Jan. 6, 2011
Answer by jewjewbee at 12:42 PM on Jan. 6, 2011
Answer by jewjewbee at 12:43 PM on Jan. 6, 2011
Does the CBO consider the FACT that one of the immediate 'features' of ObamaCARE (that allows people who are already sick to get insurance to cover their medical costs) isn’t attracting NEARLY as many people into the program as they expected?.
OP, If less people are participating, What does that do to the revenue projections for ObamaCare???
Op, would you say the CBO accurately represents these numbers?
Answer by grlygrlz2 at 12:44 PM on Jan. 6, 2011
Answer by Carpy at 12:45 PM on Jan. 6, 2011
Is this the same Richard Cowan from Marijuana News?
Answer by jewjewbee at 12:46 PM on Jan. 6, 2011