Monday, July 9, 2012

CBO to Release New Budgetary Assessment Of ObamaCare in Two Weeks, The Week of July 23

The Congressional Budget Office expects to have updated budgetary projections and assessment of the Affordable Care Act (aka ObamaCare) in the week of July 23, 2012, two weeks from now.

The 10-year time window used by CBO to analyze legislation is now two years later than when the law was signed by Obama in March 2010 and the analysis will include costs that were originally scheduled by the legislation to occur after the original 10 year period to make the law look deficit neutral. The CBO analysis will also consider the budgetary effects of the US Supreme Court health care decision.

From "Update on CBO's Response to the Supreme Court's Decision Regarding the Affordable Care Act" july 9, 2012:
CBO is still assessing the effects of the Supreme Court’s decision related to the Affordable Care Act (ACA) on the agency’s projections of federal spending and revenue under current law. We expect to complete that assessment and release updated projections of the budgetary effects of the ACA’s coverage provisions during the week of July 23rd. Because such updated projections are the base against which CBO will estimate the budgetary effects of changes in the ACA, CBO cannot provide estimates of the effects of such changes—including the effects of repealing the ACA—until that assessment is completed during the week of July 23rd.

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