CBO: Repeal of health care reform would add billions to deficit

Friday, July 4th, 2014 By

tea party activists

The Republican bill to repeal health care reform is doomed, but it will make the Tea Party happy. Image: CC Andrew Aliferis/Flickr

A repeal of health care reform would increase the deficit hundreds of billions of dollars, according to a report from the non-partisan Congressional Budget Office on Jan. 6. Republicans ignored it, even though reducing the deficit is the party’s professed overarching goal. Despite the CBO report, House Republicans insist on forging ahead with a vote to repeal health care reform as their first order of business.

GOP to vote on increasing deficit by $230 billion

The Republican bill to repeal health care reform is called the “Repealing the Job-Killing Health Care Law Act.” The Congressional Budget Office reviewed the provisions outlined in the bill and submitted a report to GOP House Speaker John Boehner. The CBO concluded that a repeal of health care reform would increase the federal deficit by about $230 billion in the next decade. The report also said that repeal would increase the number of uninsured Americans by 32 million. Republicans countered with a report of their own titled “Obama-care: A budget-busting, job-killing health care law.”

How health care repeal increases the deficit

The CBO review reminded Republicans that a repeal of health care reform would rescind planned cuts in federal spending on health care. The new health care law requires that government subsidies for Medicare Advantage, private plans made available as an an alternative to Medicare, will be cut by $132 billion in the next decade. Payments for home health care sponsored by Medicare will also be cut by about $40 billion in 10 years. A repeal of health care reform would also roll back Medicare tax increases on individuals making more than $200,000 and couples making more than $250,000 that would raise $210 billion. Revenue from fees levied on insurance and medical technology companies would also disappear.

Another kow-tow to the Tea Party

In their zeal to repeal health care reform, the Republican majority in the House is forcing a vote without giving Democrats the chance to propose amendments to the bill, which is two paragraphs long. The GOP “Repealing the Job-Killing Health Care Law Act” is likely nothing more than political grandstanding to appease Tea Party activists demanding a repeal as early as possible. The bill is expected to die in the Democratic-controlled Senate before President Obama would ever have a chance to exercise a certain veto.


Washington Post

Los Angeles Times

Christian Science Monitor

Previous Article

« Open carry states | Have gun, will buy frappuccino

Starbucks has become an unwilling part of the controversy of open carry states and gun control. They're being pressured to ban guns in their stores.
Next Article

Ash cloud over Europe may cost airlines billions »

An ash cloud over Europe from a volcano in Iceland is disrupting air travel, stranding millions of passengers and costing airlines billions. A red, white and blue jet in a clear, blue sky.

This post has 5 comments

  1. Health Online says:

    ThThanks for sharing it.

  2. sherry says:

    i guess someone didnt like my opinion.

  3. sherry says:

    WE NEED HEALTH CARE…. I have worked 2 jobs for 16 years and it was just to make ends meet. we are so busy taking care of other countries that we dont care about our own. This is ridiculous. I had insurance and then didnt and then did and then didnt. like I said Ridiculous. But i am working part time. need Hip Replacement and cant get help but i am the only white person. Not predudice. Just think I should get help as well. This country is a free for all but not if your getting older… etc. I am going to have to work till the day I die so it would be nice to not be in pain 24/7 and get a position where I can do what I am good at…. lots of things…. SERIOUSLY….

  4. rick g says:

    No one can seriosuly believe that handing health cards to tens of millions of people will create money flowing into the US government.

    But, lets get the Post Office and Amtrak in the black and then maybe I cna take it more seriously.

Trackbacks / Pingbacks

    Leave a Reply

    Other recent posts by bryanh

    Being careful with credit card debt consolidation

    Choose the right method of credit card debt consolidation for your own situation. Know what the fine print is before making final decisions.
    There are things to look out for with credit card debt consolidation.

    Win the race with payday loans for bad credit

    My classic 300 and I are tight. When it came time to bring it back and race, only payday loans for bad credit helped me get back on track.
    Two man standing next to a classic car.