Repealing major components of the Patient Protection and Affordable Care Act would cost $455 billion over 10 years, the Congressional Budget Office says.
Some PPACA provisions generated savings for Medicare, Medicaid, or the Children's Health Insurance Program, while some generated costs. If those provisions were repealed, CBO estimates there would be an increase in deficits similar to its original estimate of $455 billion in net savings over that period.
CBO Director Douglas Elmendorf assessed these costs after Sen. Mike Crapo (R-Idaho) requested information regarding the budget impact of the Affordable Care Act, the National Underwriter reports. Variables involved include the PPACA, repealing provisions affecting such programs as Medicaid and Medicare, and preventing Medicare physician fee schedule reductions.
The CBO still believes the Affordable Care Act provisions would save roughly $143 billion from 2010 to 2019 and reduce the projected 2020 deficit by $28 billion, Elmendorf says. In addition, eliminating provisions designed to hold down Medicare payments to physicians would cost $272 through 2019 period and $330 billion through 2020.
To learn more:
-read the National Underwriter story
- read the CBO letter