It may be Republicans’ first order of business in 2017, butrepealing the Affordable Care Act will boost the country’sbudget deficit by $350 billion over 10 years.

That’s according to a new study from the Committee for aResponsible Federal Budget (CRFB). The Hill reports in its analysis the CRFB found that although repealingthe law’s spending on providing coverage would save $1.55 trillion,the savings would be more than negated by repealing $800 billion intax increases and $1.1 trillion in Medicare and other cuts.

In addition, the analysis found that repeal of the ACA would increase the number of uninsured people by 23 million.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.