![]() 6079 because the net savings from eliminating the insurance coverage provisions would be more than offset by the combination of other spending increases and revenue reductions: What Major Components Result in the Net Increase in Deficits?ĭeficits would be increased under H.R. 6079 would reduce direct spending by $890 billion and reduce revenues by $1 trillion between 20, thus adding $109 billion to federal budget deficits over that period. 6079 is enacted near the beginning of fiscal year 2013, CBO and JCT estimate that, on balance, the direct spending and revenue effects of enacting that legislation would cause a net increase in federal budget deficits of $109 billion over the 2013–2022 period. What Is the Impact of Repealing the ACA on the Federal Budget?Īssuming that H.R. 6079 are close to, but not equivalent to, an estimate of the budgetary effects of the ACA with the signs reversed. This estimate reflects the spending and revenue projections in CBO’s March 2012 baseline as adjusted to take into account the effects of the recent Supreme Court decision regarding the ACA.įor various reasons discussed in the report, the estimated budgetary effects of repealing the ACA by enacting H.R. 6079 would repeal the Affordable Care Act (ACA), with the exception of one subsection that has no budgetary effect. ![]() ![]() 6079, the Repeal of Obamacare Act, as passed by the House of Representatives on July 11, 2012. CBO and the staff of the Joint Committee on Taxation (JCT) have estimated the direct spending and revenue effects of H.R.
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