It may be Republicans’ first order of business in 2017, but repealing the Affordable Care Act will boost the country’s budget deficit by $350 billion over 10 years.
That’s according to a new study from the Committee for a Responsible Federal Budget (CRFB). The Hill reports in its analysis the CRFB found that although repealing the law’s spending on providing coverage would save $1.55 trillion, the savings would be more than negated by repealing $800 billion in tax increases and $1.1 trillion in Medicare and other cuts.
In addition, the analysis found that repeal of the ACA would increase the number of uninsured people by 23 million.
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