Repealing healthcare law would increase deficit: CBO

09:17, January 07, 2011      

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Repealing the new healthcare law would increase the U.S. federal deficit by about 230 billion dollars over the next decade, the nonpartisan Congressional Budget Office (CBO) said on Thursday.

In a letter sent to House Speaker John Boehner, the CBO said repealing the law would also increase the number of uninsured Americans in 2019 by 32 million.

The newly-empowered congressional Republicans have made repealing the healthcare law one of their top priorities in the new Congress. House Republicans, who have gained majority status in the lower chamber, scheduled a vote on a repeal bill on Jan. 12.

Boehner on Thursday denied the CBO's preliminary analysis of the repeal bill, saying it will not add to the deficit.

Republicans have long been challenging the CBO's estimate, saying Democrats have played tricks with the cost-saving calculation as several of the law's fees and taxes start several years before Americans become eligible for insurance subsidies starting in 2014.

The CBO estimated the healthcare law, which President Barack Obama signed last March, would cut federal deficit by 143 billion dollars in the first ten years after enactment.

Source: Xinhua

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