Obamacare Repeal Has Hefty Price Tag — $350 Billion Over Ten Years, Study Finds
The analysis by the Committee for a Responsible Federal Budget estimated the repeal would lead to savings of $1.55 trillion resulting from reduced spending on providing coverage, but that would be negated by cancelling $800 billion in tax increases and $1.1 trillion in Medicare and other cuts.
Study: ObamaCare Repeal Would Cost $350 Billion
Repealing ObamaCare would increase the budget deficit by $350 billion over 10 years, according to a new study. The analysis from the Committee for a Responsible Federal Budget (CRFB) finds that repealing the law’s spending on providing coverage would save $1.55 trillion, but that would be canceled out by repealing $800 billion in tax increases and $1.1 trillion in Medicare and other cuts. The CRFB warned that Republicans should be trying to reduce the debt, not increase it, and that they also will need savings in order to pay for a replacement for the Affordable Care Act (ACA). (Sullivan, 1/4)
The Fiscal Times:
Obamacare Repeal Is A Fiscal Minefield For The GOP
Congressional Republicans have begun the process of repealing the Affordable Care Act, which will not only force them to come up with a plan to replace the program, but as an analysis released by the Committee for a Responsible Federal Budget demonstrates, to fill a hole in the federal budget of as much as $350 billion through 2027. (Garver, 1/4)