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October 21, 2015 at 12:37 PM
Enacting the Patient Protection and Affordable Care Act (PPACA) mandate repeal provisions in H.R. 3762 could cut federal budget deficits by about $130 billion from 2016 through 2025, according to analysts at the Congressional Budget Office (CBO).
The mandate repeal provisions in H.R. 3762, the Restoring Americans’ Healthcare Freedom Reconciliation Act of 2015 bill, would cut federal spending by about $79 billion over 10 years, and they could also lead to economic effects that could cut federal budget deficits by about $51 billion over that same period, the analysts say in a new report.
The H.R. 3762 mandate repeal provisions could also increase the number of U.S. residents without health coverage from 42 million to 43 million, or 15 percent of the nonelderly U.S. population, in years after 2016, the analysts estimate.
If the current PPACA mandates stay in place, only about 26 million to 27 million nonelderly people will lack coverage, the analysts predict.
If the CBO forecasts are correct, the H.R. 3762 mandate repeal provisions could increase the number of uninsured U.S. residents by 55 percent to 65 percent.
