And not only that:
President Obama’s health care overhaul will shrink rather than increase the nation’s huge federal deficits over the next decade, Congress’ nonpartisan budget scorekeepers said Tuesday, supporting Obama’s contention in a major election-year dispute with Republicans.Well, excluding people from health care coverage is a sorry way to reduce the deficit, but even if the governors of the various states had not decided against adopting the extension of Medicaid, the deficit would have been reduced by the Obama plan. Take that, Mitt Romney!
About 3 million fewer uninsured people will gain health coverage because of last month’s Supreme Court ruling granting states more leeway, and that will cut the federal costs by $84 billion, the Congressional Budget Office said in the biggest changes from earlier estimates.
Republicans have insisted that "Obamacare" will actually raise deficits — by "trillions," according to presidential candidate Mitt Romney. But that’s not so, the budget office said.
At the time it was approved in 2010, CBO estimated the law would reduce the deficit by $143 billion from 2010 to 2019. And CBO estimated that last year’s Republican repeal legislation would increase deficits by $210 billion from 2010 to 2021.Mitt won't take that, as his campaign does not operate in the real world, and he will probably continue to say that Obamneycare will increase the deficit, the truth be damned.
