Maintenance. We are currently updating the site. Please check back shortly
Members login Subscribe

U.S. CBO says Supreme Court ruling to reduce gov't healthcare costs

Source: Thomson Reuters Foundation - Tue, 24 Jul 2012 06:31 PM
Author: Reuters
Tweet Recommend Google + LinkedIn Bookmark Email Print

WASHINGTON, July 24 (Reuters) - The U.S. Congressional Budget Office said on Tuesday the Supreme Court ruling that upheld President Barack Obama's healthcare law but changed Medicaid requirements will save the government some ${esc.dollar}84 billion over 11 years.

Most of the savings will come from states limiting expansion of their Medicaid healthcare coverage for the poor. The CBO also said that repealing Obama's healthcare law would increase the deficit over the next decade by ${esc.dollar}109 billion, mostly because the law includes revenue increases and cost savings to pay for expanding medical coverage to the uninsured.

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of the Thomson Reuters Foundation. For more information see our Acceptable Use Policy.

comments powered by Disqus