Americans may never get an accurate projection of Obamacare’s impact on the deficit, reports the Washington Examiner.
Before it become law, the Congressional Budget Office (CBO) projected that Obamacare would cost $938 billion and reduce the deficit by $143 billion over the first decade, from 2010 through 2019. At that time, the figures were already questionable:
Because the major spending provisions of the Affordable Care Act (the Medicaid expansion and the exchanges subsidies) did not become effective until 2014, the CBO’s estimate really included just six years of real spending within that 10-year period.
The estimate of $143 billion in deficit reduction was a function of the law’s tax increases and Medicare spending cuts.
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