Wednesday, November 8, 2017

CBO says repealing Obamacare's individual mandate penalties would save $338 billion

Via Billy

Obamacare's individual mandate obligates that people purchase health insurance or pay a fine. Proponents say that it is needed to help bring healthier customers into Obamacare's exchanges to help keep costs down for the pool. (AP Photo/LM Otero)

The Congressional Budget Office on Wednesday said that repealing Obamacare's individual mandate penalties would save $338 billion over the next decade, providing a potential injection of money to help finance Republican tax reform efforts.

The CBO acknowledged Wednesday that it was revisiting its methodology around the repeal of the individual mandate, but that changes would not be included in a full report set to be released later in the afternoon. Keith Hall, CBO director, said in a blog post that the evaluation was still underway by his agency and by the Joint Committee on Taxation.

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