Keith Hall, director of the Congressional Budget Office, has sent a letter to Senate Budget Committee Chairman Mike Enzi to discuss the results of a study on the potential budgetary effects of the proposed Restoring Americans’ Healthcare Freedom Reconciliation Act.
Hall said in the letter that CBO and the Joint Committee on Taxation estimate the implementation of the bill would decrease the federal budget deficit by as much as $474 billion by fiscal 2025.
The bill, which the Senate passed Dec. 3, seeks to repeal healthcare insurance coverage subsidies, a Medicaid expansion program, excise tax on high-premium insurance plans and some other elements of the Affordable Care Act.
CBO and JCT also estimate that the bill’s implementation will have an impact on net direct spending and revenues over the next 10 fiscal years, according to Hall.
Hall also explained the study to House Budget Committee Chairman Tom Price (R-Ga.) in a separate letter.