Budget Hawk Group Warns Of Cost Of GOP's Repeal Of Obamacare

[DonViejo]

Source: Talking Points Memo


By TIERNEY SNEED Published JANUARY 4, 2017, 1:17 PM EDT

The Committee for a Responsible Budget, a deficit hawk group that advocates for cuts to social benefits programs, outlined the costs of dismantling the Affordable Care Act in a new report, finding that a full Obamacare repeal would cost the government $350 billion over 10 years.

The shot across the bow from deficit hawks adds further political complications to Obamacare repeal for Republicans, who already face a possible meltdown in the insurance markets and the loss of insurance by potentially millions of Americans, depending on how and when they replace Obamacare.

The report, released Wednesday, broke down the costs and savings of repealing various parts of the law, as well as the effect delaying the repeal would have on the deficit.

"Repealing the entire ACA would leave no funds available for 'replace' legislation, and in fact would require further deficit reduction to avoid adding to the debt," the report said, "However, a number of partial repeal options also exist."

Read more: http://talkingpointsmemo.com/dc/budget-hawk-groups-obamacare-repeal

[DFW]

1. Beware of Republican "fiscal responsibility"

It usually NEVER is fiscally responsible, and usually, if not always, leads to greater budget deficits. They talk the talk. They definitely do NOT walk the walk.

The old saying is true: if you want to live like a Republican, vote for a Democrat.

[hibbing]

2. hahahaha....they don't give a crap n/t

They have never cared about the deficit, but only use it as justification against any policy that helps anyone besides the ruling class.


I give up.

Peace

[underpants]

5. "Drown in a bathtub" has been replaced with "Drain the swamo@

You're right. They love deficits. It's an excuse to empty the treasury and take power away from the government. Their core are racists and polluters.

[cstanleytech]

7. Very true. NT

[Jacob Boehme]

3. Wait, Wait! What...Shit! Does this mean we can't have it both ways?

[Recursion]

4. Isn't that Pete Peterson's "think"-tank?

If it's bringing him discomfort that's at least a small silver lining.

[rgbecker]

6. Oh Boy! GOP plan to spend $350,000,000,000 over 10 years

just so 20 million people will lose their insurance. Another win-win situation for the GOP.

If I had a gun in the house, I'd shoot myself.

[BumRushDaShow]

8. What the deficit hawks described is what took the ACA so long to finalize

They forced the CBO to score iteration after iteration after iteration of all of the various versions of "the bill" (and there were many coming from both chambers and all the associated committees) during the sausage-making process - basically to hone it to meet an almost unprecedented and unreachable set of cost criteria, which it did... But the GOP still rejected it at the end because THEY didn't propose it via their own President. When the SCOTUS killed the Medicaid mandate for states, that was already the first blow to it.

About the only thing they might be able to repeal is the medical device tax that they have been itching to get rid of. But they have nothing to replace that funding source with and that will start taking it into a death spiral.

[hollowdweller]

9. That's what I don't get

Any idea to get rid of it w/o hurting people is gonna cost more.

GOP should just repeal and go for medicaid buy in.