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ACA repeal would put budget in the red by $350 billion

Republicans have considered retaining some of the ACAs taxes to get funding for the acts replacement, but its by no means decided that theyll do that.

By Marlene Y. Satter | Updated on January 05, 2017
Republicans have considered retaining some of the ACA’s taxes to get funding for the act’s replacement, but it’s by no means decided that they’ll do that. (Photo: iStock)

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.

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