CBO re-scores ACA in light of SCOTUS decision
Posted on July 24, 2012 | No Comments
The Congressional Budget Office (CBO) and the Joint Committee on Tax (JCT) have revised their estimates of the total cost of the Affordable Care Act (ACA) as a result of the Supreme Court’s ruling that essentially makes State expansion of Medicaid eligibility optional. CBO and JCT now estimate that the coverage provision in the ACA will cost $84 billion less over 10 years, coming in at $1,168 billion over the 2012–2022 period. This is down from their original score of $1,252 billion, issued in March of 2012.
In a separate analysis, CBO and JCT have also scored H.R. 6079, a bill to fully repeal the ACA. If enacted as currently written, CBO and JCT estimate that H.R. 6079 will reduce spending by $890 billion and reduce revenues by $1 trillion over the 9 year period of 2013-2022, for a total of $109 billion added to the federal deficit during that time.
Stay tuned to HealthReformGPS.org for additional in-depth analyses of the CBO estimate.