Healthcare law repeal hurts deficits: CBO

Source: 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 repealing the law that President Barack Obama and his fellow Democrats enacted would "increase federal budget deficits over the 2012-2019 period by a total of roughly $145 billion." It said that figure would rise to $230 billion by 2021.

The CBO also said repeal would result in 32 million fewer people having health insurance.

The nonpartisan CBO analyzes legislation for its impact on government spending and revenues and develops forecasts of economic performance.



Read more: http://www.reuters.com/article/idUSTRE70113W20110106

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New CBO Analysis: GOP’s Push For Health Law Repeal Would Increase Deficit By $230 Billion Over 10 Years
http://thinkprogress.org/2011/01/06/cbo-score-repeal/#

as that is the sexier story.