CBO: ACA repeal would add $353b to budget deficits

Repealing ObamaCare would increase budget deficits by $353 billion over the next 10 years, the nonpartisan Congressional Budget Office  said in a 28-page report released Friday (Source: “Repealing ObamaCare would add $353 billion to deficits, CBO says,” The Hill, June 19, 2015). 

That’s a steep increase over the CBO’s last estimate of an ACA repeal in July 2012, when the budget scorekeeper said abolishing the law would raise deficits by $109 billion over the 2013–2022 period.

The new projection, coming just ahead of a major Supreme Court ruling on the law, examines the potential effect of repeal on deficits from 2016 to 2025.

And in a new dynamic score, which encompasses macroeconomic effects, the CBO and the Joint Committee on Taxation  estimate that repealing the ACA would increase the national debt by $137 billion over that same time frame.