CBO: Healthcare law now cheaper, won't cover as many people

Politico, July 25, 2012

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.


MOST POPULAR

SPONSORED REPORTS
SPONSORED HEADLINES

SIGN UP

FREE e-Newsletters Join the Council Subscribe to HL magazine

SPONSORSHIP & ADVERTISING

100 Winners Circle Suite 300
Brentwood, TN 37027

800-727-5257

About | Advertise | Terms of Use | Privacy Policy | Reprints/Permissions | Contact
© HealthLeaders Media 2014 a division of BLR All rights reserved.