Obamacare’s Deficit of Savings
The Congressional Budget Office appears to have delivered a victory to Obamacare’s cheerleaders. The agency’s latest estimate puts the cost of scrapping the law at $137 billion over the next decade.
“Any way you slice it, repealing the Affordable Care Act will add hundreds of billions of dollars to the deficit,” boasted House Minority Leader Nancy Pelosi (D-Calif.).
Not so fast. The CBO reveals in the fine print that its estimates of the impact of repeal are “substantially” uncertain. Further, the report didn’t consider a specific measure to repeal and replace Obamacare. So it’s evaluating an imaginary proposal.
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