CBO: Healthcare law now cheaper, won't cover as many people
President Barack Obama's healthcare law just got cheaper—to the tune of $84 billion over 11 years, according to the Congressional Budget Office. That's because the Supreme Court's June ruling on the law allowed states to opt out of a costly Medicaid expansion, and in a new report released Tuesday, CBO anticipates that some of them will do just that. As a result, about 3 million more people will remain uninsured, Capitol Hill's official bean counters said. Overall, the new estimate pegs the costs of the law's health insurance coverage provisions at $1.2 trillion over 11 years, a figure that is more than offset by new taxes and Medicare cuts.
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