An effort to repeal Obamacare would save up to $42 billion more than originally thought, congressional economists found.
The nonpartisan Congressional Budget Office on Monday released an updated estimate on the reconciliation bill set to go to President Obama this week.
The budget office found that the bill, which would gut several Obamacare mandates and taxes and would defund Planned Parenthood, would save more money after taking into account a spending bill Congress passed late last year. That bill includes delays for the medical device tax and health insurance tax and a delay of the “Cadillac” tax on pricey healthcare plans, which were created to help offset the costs of Obamacare.
After taking into account those delays, the reconciliation package would save up to $42 billion more from 2016 to 2025, CBO said. That would be on top of the $474 billion in savings originally estimated by the office.
The reconciliation package is sure to be vetoed by President Obama, but Republicans believe it helps to fulfill a campaign promise to do all they can to defeat the healthcare law.
