Google Preferred Sources
ForumsShare

The Fiscal Mystery of Obamacare

By Rod Anderson, CP Cartoonist
Credit :

The Congressional Budget Office, which originally estimated that the Affordable Care Act, or "Obamacare," would reduce the national debt by $120 billion, now says it has no way of estimating the cost of the new health care law.

CBO's new outlook on the ACA's costs was buried in a footnote to an April 14 report. It was first reported Wednesday by Roll Call's Paul M. Krawzak.

"CBO and [Joint Committee on Taxation] can no longer determine exactly how the provisions of the ACA that are not related to the expansion of health insurance coverage have affected their projections of direct spending and revenues. The provisions that expanded coverage established entirely new programs or components of programs that can be isolated and reassessed. Isolating the incremental effects of those provisions on previously existing programs and revenues four years after enactment of the ACP is not possible," the footnote read.

Read more at http://www.christianpost.com/news/obamacare-cost-cant-be-determined-says-congressional-budget-office-121102/

Was this article helpful?

Become a CP Insider.
Help keep The Christian Post free for everyone.

The truth has a cost, and Insiders help carry it.
A dollar from an Insider comes with no strings attached. It keeps our reporters on the story, keeps our journalism open to everyone, and keeps every editorial decision in the newsroom, where it belongs.

Become a CP Insider and choose the amount you want to pay. You can change, pause or cancel anytime. As a thank-you, you’ll get:

  • The Insider Newsletter, a members-only monthly letter from our newsroom

  • Ad-free reading across christianpost.com


From as low as $8.25/month
Prefer to give once?

We’re sorry to hear that.

Hope you’ll give us another try and check out some other articles.
Return to homepage.

Most Popular