Insurance Blog  Finance Blogs » Insurance » CBO: ‘Obamacare’
cuts deficit  CBO: ‘Obamacare’ cuts deficit  By Jay MacDonald ·
Tuesday, July 31, 2012 Posted: 10 am ET  You may have seen a few
election-year TV ads that claim President Obama's landmark
health care reform, aka "Obamacare," will add "trillions" to the
federal deficit.  Turns out they're off by, well, trillions.
The latest estimates from the nonpartisan Congressional Budget
Office indicate the Affordable Care Act will actually cut rather
than increase the national debt over the next decade.  In its
first budget projections since the Supreme Court upheld most of
the health care reform law last month, the CBO adjusted its cost
estimate down slightly to reflect the one provision of the ACA
that the court struck down: the requirement that states expand
Medicare to provide health insurance to lower-income residents.
Since states now have the option to accept or reject the
government's offer to pay 100 percent of the initial cost to
expand Medicaid, the