Source: Health Policy Institute of Ohio
Repealing ObamaCare would increase budget deficits by $353 billion over the next 10 years, health the nonpartisan Congressional Budget Office (CBO) said in a 28-page report released on June 19 (Source: “Repealing ObamaCare would add $353 Billion to Deficits, CBO Says, look ” The Hill, June 19, 2015).
That’s a steep increase over the CBO’s last estimate of repealing the Affordable Care Act (ACA) in July 2012, when the budget scorekeeper said abolishing the law would raise deficits by $109 billion over the 2013–22 period.
The new projection, coming just ahead of a major Supreme Court ruling on the law, examines the potential effect of repeal on deficits from 2016-25.
And in a new dynamic score, which encompasses macroeconomic effects, the CBO and the Joint Committee on Taxation estimate that repealing the ACA would increase the national debt by $137 billion over that same time frame.