CBO: Obamacare Repeal Bill Reduces Deficit By $337 Billion Over 10 Years

Alice Ollstein · Monday, March 13, 2017, 5:14 pm

The Congressional Budget Office's highly anticipated analysis of the GOP bill to repeal the Affordable Care Act dropped Monday afternoon, and the office's non-partisan research team estimated that the legislation would reduce the federal deficit by $337 billion dollars over the next 10 years.

It is one bit of good news for Republicans in a devastating report that finds tens of millions of people will lose their insurance coverage under their plan over the next decade.

The CBO under its conservative Republican director, Keith Hall (pictured), found that the savings come largely from slashing Medicaid spending, which will lead to 14 million people losing coverage. In total, the government will spend $1.2 trillion dollars less on health care under this plan.

Read more
http://talkingpointsmemo.com/dc/cbo-obamacare-cost-deficit