Today CBO released a full score of repealing the Democrats’ health overhaul. Here are some highlights.
- Repeal saves taxpayers $1.39 trillion from expenditures in Medicaid, Children’s Health Insurance Program (CHIP), and tax credits for certain small employers from 2012 to 2021. (p.4)
- In total, CBO and JCT estimate that repeal would reduce outlays by about $604 billion and reduce revenues by about $813 billion over the 2012-2021 period. (p.4)
- Repeal would mean about 33 million fewer nonelderly people would have health insurance in 2021, leaving a total of about 57 million nonelderly people uninsured. (p. 7) Note that the 2010 Census found there are currently 50 million Americans without health insurance.
- CBO estimates about 2 million more Americans would have health coverage from their employer (p. 10).
- CBO estimates repeal would reduce state government’s spending for Medicaid and CHIP by about $60 billion over the 2012-2021 period. (p.11)
- CBO projects that enacting H.R. 2 would reduce the “federal budgetary commitment to health care” by $464 billion over the 2012–2021 period. (p. 18)
- Repeal means “premiums for health insurance in the individual market would be somewhat lower than under current law.” (p.19)