CBO Estimates Health Overhaul Repeal Price Tag To Be $230 Billion
With the CBO findings, GOP efforts to undo the health law and claim the mantle of fiscal responsibility took a hit. Democrats immediately pounced on the cost estimate as new ammunition in an ongoing battle. But Republican leaders dismissed the document, saying it is a "job-killing" measure that would add to the nation's debt and instead pointed to a report of their own.
The Washington Post: CBO Says Health Care Repeal Would Deepen Deficit
Rescinding the federal law to overhaul the health-care system, the first objective of House Republicans who ascended to power this week, would ratchet up the federal deficit by about $230 billion over the next decade and leave 32 million more Americans uninsured, according to congressional budget analysts (Goldstein, 1/7).
Los Angeles Times: Cost Of Healthcare Repeal Put At $230 Billion
The Republican plan to repeal the healthcare law would drive up federal deficits by $230 billion by 2021, the nonpartisan Congressional Budget Office concluded Thursday, undercutting GOP efforts to seize the mantle of fiscal responsibility (Levey, 1/7).
Reuters: Republican Bid To Scrap Healthcare Hits Snag
Republican efforts to scrap President Barack Obama's health care reform took a hit on Thursday when budget analysts said repeal would add billions of dollars to the federal budget deficit. The nonpartisan Congressional Budget Office estimated overturning the reform signed by Obama last year would add about $230 billion to the deficit by 2021 and result in 32 million fewer people having health insurance (Whitesides and Cowan, 1/6).
The New York Times: Republicans Are Given A Price Tag For Health Law Repeal, But Reject It
The nonpartisan budget scorekeepers in Congress said on Thursday that the Republican plan to repeal President Obama's health care law would add $230 billion to federal budget deficits over the next decade, intensifying the first legislative fight of the new session and highlighting the challenge Republicans face in pursuing their agenda (Herszenhorn and Pear, 1/6).
Bloomberg: House Speaker Boehner Says Repealing Health-Care Won't Increase Deficit
U.S. House Speaker John Boehner said repealing the 2010 health-care overhaul would not increase the federal budget deficit, disputing an estimate by congressional budget analysts. The nonpartisan Congressional Budget Office estimated today that repealing the health-care law would deepen the deficit by $145 billion from 2012 to 2019. Boehner, an Ohio Republican who became speaker [Wednesday], told reporters, "I do not believe that repealing the job- killing health-care bill is going to increase the deficit" (Lerer, 1/6).
Modern Healthcare: GOP Report Rips Health Reform Law
The new Republican majority in the House released a report Thursday they say makes a case for repealing the Patient Protection and Affordable Care Act, which they plan to do next week. Called "ObamaCare: A Budget-Busting, Job-Killing Health Care Law," the report cites analysis from Republicans in the House Budget Committee showing the law will cost the nation $2.6 trillion when fully implemented and add $701 billion to the deficit in the first 10 years (Zigmond, 1/6).
The Fiscal Times: Despite GOP Slam, CBO Confirms Health Care Savings
Rep. Paul Ryan, R-Wis., the chair of the House Budget Committee, immediately slammed the new CBO analysis, which he attributed to budget tricks in the legislation. 'Our dispute is not with the hard-working, non-partisan professionals at the Congressional Budget Office. CBO scores what is put in front of them and what Democrats put in front of them last year was legislation packed with smoke and mirrors to hide the impact of trillions of dollars in new spending.' The CBO letter noted that the increase in federal spending on health care between 2010 and 2019 would actually be about $400 billion. That is paid for in the legislation by increased efficiencies in Medicare, lowering payments to insurance companies that sell Medicare Advantage programs, and higher fees on medical device companies, among other revenue raising measures (Goozner, 1/6).
Politico: Democrats Pounce On CBO Repeal Estimate
Democrats head into the first House health care reform repeal vote today with fresh ammo: a Congressional Budget Office estimate that repeal would increase the deficit by $230 billion by 2021 (Kliff, 1/7).
The Hill: House Dems Slam GOP For Dismissing CBO Estimate On Healthcare Repeal
House Democratic leaders on Thursday blasted Republicans for dismissing the official cost estimate of health care repeal in favor of their own analysis (Lillis and Millman, 1/6).
Meanwhile, the march toward the all-important House vote continues.
The Associated Press: House Plans Test Vote Friday On Health Care Repeal
The House opens a largely symbolic debate Friday on whether to repeal President Barack Obama's landmark health care overhaul, the culmination of the first week with Republicans back in charge. A procedural vote around midday will set the rules for formal debate and final action next Wednesday. House Republicans want to repeal Obama's plan to expand coverage to more than 30 million uninsured and start over again with a more modest, less costly approach (1/7).