CBO: Repealing Obamacare’s Individual Mandate Would Reduce Deficit By $338 Billion

 

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By Stephen Frank,  California Political News and Views

Due to “Reconciliation” Congressional Republicans can only cut $1.5 trillion.  The biggest amount to be cut is the ObamaCare mandate.  It would save the Feds $338 billion—and families and businesses hundreds of billions—plus help provide quality health care instead of Third World health care.

“Repealing the Affordable Care Act’s individual mandate would reduce the federal deficit by $338 billion in the next decade, according to a projection from the Congressional Budget Office.

The individual mandate requires that Americans purchase health insurance or pay a penalty to the Internal Revenue Service for not having coverage. A recent Taxpayer Advocate Service reportfound that roughly 4 million Americans paid an average penalty of about $708 this year for a total of $2.8 billion.

The budget office predicts that eliminating the mandate would reduce the deficit by $338 billion from 2018 to 2027 and would decrease the number of those with health insurance by 4 million in 2019 and by 13 million in 2027. Even with this loss, the report says that markets would remain stable in almost all areas of the United States over the next decade.”

Oh, it gives back to the individual the right to buy or not buy health care programs.  What a concept, freedom to choose—it is amazing the Democrats that want to allow women to choose killing a baby do not want that SAME woman deciding the type of health care they want, or even if they want coverage.  Democrats=hypocrites.

Related article: CBO: Repealing Obamacare’s Individual Mandate Would Reduce Deficit By $338 Billion


Stephen Frank

Stephen Frank: Is the the publisher and editor of the California Political News and Views.  Mr. Frank speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows and is a full time political consultant. http://capoliticalnews.com/

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