Repealing Obamacare Would Cost $353 Billion Over Next Decade
The report is a blow for Republican lawmakers who have sought to repeal and replace the Affordable Care Act ever since its passage in 2010.
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Repealing President Barack Obama’s health-care overhaul would increase the federal budget deficit by $353 billion over the next decade, the Congressional Budget Office said.
Ending the Patient Protection and Affordable Care Act would raise spending on Medicare while reducing outlays for health-insurance subsidies, Medicaid and coverage for poor children, the agency said in a report Friday. Repealing the law would probably boost the economy as more people sought work to get health insurance, reducing the net cost to $137 billion, the CBO said.