The Incredible Truth About The Repeal Of Obamacare Has Just Been Revealed

According to the federal budget committee the GOP Health Care Bill would reduce the Deficit by $2 Trillion over 20 years.

The Hill reported: The House bill to repeal and replace ObamaCare would reduce the federal deficit by about $2 trillion over 20 years, according to a rough estimate released Monday by the Committee for a Responsible Federal Budget (CRFB).

The estimate from the nonpartisan budget watchdog comes ahead of Thursday's planned House vote on the measure. The bill has the support of the White House and House GOP leadership, though some conservative and moderate GOP lawmakers oppose it.

The American Health Care Act (AHCA) would repeal ObamaCare's mandates and most of its taxes, and create new tax credits that people could use to buy health insurance. It also would end the Medicaid expansion and provide federal funds for Medicaid on a per-capita basis.

The Congressional Budget Office (CBO) estimated that the bill would produce savings of $337 billion over a decade, and it said that the bill wouldn't increase the deficit outside of the 10-year budget window. But the CBO hasn't yet provided an estimate of the savings the legislation would produce in its second decade of enactment.

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Posted Monday, March 20, 2017


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