A few days ago I asked whether the Republicans would wait for a Congressional Budget Office score before voting on their proposal to repeal health care reform. To their credit, they have. And the news from the CBO is exactly what you would have thought: Getting rid of the Affordable Care Act will mean higher deficits.
The CBO is projecting that repeal would increase the federal deficit by around $230 billion in the next decade and by an even larger amount after that. Wait, there’s more. The CBO also estimated how repeal would affect insurance premiums.
And, once again, the effect is entirely predictable. Premiums for people buying coverage on their own would fall a bit, but only because people were getting less protective insurance and because many with pre-existing conditions would be locked out of the market altogether.
And even though premiums would be lower, many people buying coverage on their own would still end up paying more for their policies, because they would not benefit from the enormous subsidies that the Affordable Care Act makes available.
Source: tnr.com
Facts have not stopped Republicans in the past, hopefully their new Tea Bag deficit hawks can remember their rhetoric and fake rage.
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