New CBO Report on PPACA Budget Impact

Submitted by jonpearce on Sun, 2011-02-20 19:56

CBO released an updated report on the budget effects of PPACAThe Congressional Budget Office released an interesting report on the effects of the health reform legislation that include two years (2010 and 2011) that were not included in the original CBO scoring as well some events that occurred subsequent to its passage.  Several points are interesting, including the following:

CBO and JCT estimate that, on balance, the direct spending and revenue effects of enacting H.R. 2 would cause a net increase in federal budget deficits of $210 billion over the 2012-2021 period. By comparison, last March CBO and JCT estimated that enacting PPACA and the health-related provisions of the Reconciliation Act would reduce federal deficits by $124 billion over the 2010-2019 period. The difference between the two estimates for the 10-year projection periods is primarily attributable to the different time periods they cover.

The CBO's posting is here: http://cboblog.cbo.gov/?p=1844 .