Earlier this month, we fact-checked claims by Governor Kasich and Lt. Governor Taylor that the expansion of Medicaid under the Affordable Care Act will cost Ohio money. The Original Fact Check is here and a Follow-Up Post is here.
Our Fact-Check focused on the impact of the Affordable Care Act on Ohio’s Budget. But what about the Federal budget?
Today, the Non-Partisan Congressional Budget Office issued a very important report. After the Supreme Court’s decision, the CBO took a new look at the projected costs of the ACA. The conclusion:
- The insurance coverage provisions of the ACA cost the federal government about $84 billion LESS than initially thought. This is primarily because of reductions in spending from lower Medicaid enrollment (due to some states not choosing to expand Medicaid coverage).
- On page six of the report, the CBO says that “repealing the ACA would increase federal budget deficits by $109 billion over the 2013–2022 period.”
Let’s repeat that point: repealing the Affordable Care Act will cause the federal budget deficit to increase by over $100 billion. That a lot of f’n money.
This is an important story: spread the word. Romney has claimed that Obamacare adds to the deficit. Various media organizations have already found this statement to be false. Now we have confirmation from the CBO. We hope that the mainstream media calls them on this lie. You can help by asking every Republican candidate for Federal Office, from Romney on down, how they expect to close this budget gap if they favor repeal of the ACA.