House Republicans poised to send a bill repealing most of thePatient Protection and Affordable CareAct to President Obama got some good news from theCongressional Budget Office, which, in contrast to a projection itreleased in June, now projects that undoing major parts of thelandmark health law would reduce the federal deficit by more thanhalf a trillion dollars over the next decade.
The nonpartisan agency had already projected budget savings of$474 billion last month, shortly after the Senate passed the bill,which achieves most of its budgetary effect by phasing outsubsidies for the individual insurance exchanges as well as thefederally-funded expansion of Medicaid.
Since that Dec. 3 estimate, the CBO has revised its estimate,projecting that the bill’s implementation would reduce the deficitby an additional $42 billion over the next decade, for a total of$516 billion.
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