Luddly Neddite
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- Sep 14, 2011
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For those who believe the right wing myth but are willing to actually study the issue ...
CBO: ‘Obamacare’ cuts deficit « Bankrate, Inc.
CBO: ‘Obamacare’ cuts deficit « Bankrate, Inc.
You may have seen a few election-year TV ads that claim President Obama's landmark health care reform, aka "Obamacare," will add "trillions" to the federal deficit.
Turns out they're off by, well, trillions...
...Since states now have the option to accept or reject the government's offer to pay 100 percent of the initial cost to expand Medicaid, the CBO estimates that 3 million fewer Americans than previously expected will gain health insurance coverage under health care reform.
As a result, taxpayers will save about $84 billion between 2012 and 2022, when an additional 30 million Americans will have been added to the health insurance pool...
... As for those efforts in Congress to repeal the Affordable Care Act? The CBO estimates they would boost the federal deficit by $109 billion between 2013 and 2022.