Supreme Court decision cuts cost of healthcare reform law by $84 billion?
The Supreme Court’s decision to uphold most of President Obama’s healthcare law made the law less expensive but will result in 3 million more people without health insurance, the Congressional Budget Office (CBO) said Tuesday.
The report from the nonpartisan budget scorekeeper was the first estimate of the law’s cost since last month’s court ruling, which held that the states must be permitted to opt out of the law’s Medicaid expansion.
CBO said the federal government would save roughly $84 billion due to the Medicaid change, though low-income people in the states that opt out might find it harder to afford insurance.
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