Tuesday, March 14, 2017

What The CBO Score Means

By National Review, March 13, 2017

Today’s hot new news on the Obamacare ”replacement” front is the release late this afternoon of the “score” by the Congressional Budget Office, which purports to show that the bill currently under consideration would cut spending by $1.2 trillion over ten years, cut taxes by over $800 billion over the same period, and thus reduce the deficit by  $337 billion over that period. Those figures are based on assumptions about the number of people who would have insurance, and the CBO estimates about 24 million fewer people would be insured, including 14 million fewer on Medicaid, by 2026. It’s also based on projections of insurance premiums.

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