CBO: Repealing ObamaCare would cost $210 BILLION
 

WASHINGTON, Feb 18 (Reuters) - Repealing the U.S. healthcare law enacted last year would add $210 billion to the nation's deficit over the next decade, congressional auditors said on Friday.

The Congressional Budget Office said enactment of a House of Representatives measure last month to scrap the healthcare overhaul would eliminate a number of provisions aimed at reducing federal healthcare costs as well as strip out new revenue-creating taxes and fees.

Republicans, who now control the House, campaigned on repealing the law, one of Democratic President Barack Obama's main legislative victories. Despite the vote in the House, the repeal was largely symbolic as neither the Democratic-led Senate nor Obama support it.

The CBO, along with the Joint Committee on Taxation, earlier estimated the law would save the federal government $124 billion between 2010, when the law was passed, and 2019. Its $210 billion cost increase estimate on Friday covers a slightly different period -- 2012 to 2021.

The agency, which analyzes the costs of various legislation for U.S. lawmakers, said the main difference in the two estimates was mainly because they cover different 10-year periods.

But looking at just the eight years in common between both estimates, implementing the law would save the government $132 billion, while repealing it would boost deficits by $119 billion, it said.

The CBO's analysis comes as U.S. House lawmakers passed an amendment to a spending bill on Friday that would block funds needed to implement the 2010 law, one of Obama's top domestic priorities.

Passed last March, the measure aims to help roughly 30 million Americans gain access to health insurance while enacting numerous other consumer protections.

While expanding coverage was estimated to increase the deficit, such costs were offset by provisions that curb federal spending on items such as private Medicare plans, the CBO said. Additional fees and taxes such as those imposed on health insurers and drugmakers also helped offset the law's costs, it said.

Source: Repealing US healthcare law would cost $210 bln-CBO [Reuters]

more like it will take 210 bln of extra taxes from govt and put it back in peoples hands where it belongs

the reason it will cost more is because of the extra taxes they will lose if the law is defeated.
Do the math, 30 million extra entitlements and it saves money? Do you really think the government is capable of saving money?

You must be referring to those corporation subsidy entitlements, bail outs, tax loopholes and shelters right?
:winkwink:

Wow, what a bunch of spin...

2300 pages, those are in there as well? [sarcasm]

57% of Voters Favor Repeal of Health Care Law, 38% Opposed
http://www.rasmussenreports.com/publ...ealth_care_law

.. and as the NO party, lets also fight against the titty milk ....

The party of no or the delusional bitch party? THATS a tough one.

Actually it would cost more - since the more uninsured, sick and unassisted people will take a major toll on the economy - as it's doing now.

Education and health are two things the government should treat like garbage pickup and mail service - universal, undisputed and (OH BOY) completely socialistic.

Anybody who's against this is simply supporting major ripoff insurance corporations above their own well being...

:D