Bill gutting ObamaCare would save half-trillion over a decade, CBO finds–23lh., b13.14
A GOP-led effort to repeal the biggest parts of ObamaCare would cost about $42 billion less than previously expected, saving more than a half-trillion dollars over a decade, the congressional budget scorekeeper said Monday.
Legislation to gut most of ObamaCare’s mandates and taxes, known as Restoring Americans’ Healthcare Freedom Reconciliation Act, would reduce the deficit by $516 billion over 10 years, according to the Congressional Budget Office (CBO).
The CBO had previously said the bill would reduce deficits by $474 billion, but the estimates have been reduced in light of the recently enacted governing spending bill. That funding bill, which has already been signed by Obama, delays three key healthcare taxes, which each would have brought billions in revenues.
As part of a congressional deal reached on the spending bill, the so-called Cadillac tax on high-cost healthcare plans is delayed for two years and the medical device tax and the health insurance “premium” tax are paused for two years and one year, respectively.
source–the hill, sarah ferris, restoring americns hc freedom, cbo,
Study: ObamaCare not shifting workers to part-time jobs–23lh.,b13.14
ObamaCare has not caused employers to shift workers into part-time work, according to a new study.
The study, released Tuesday in the journal Health Affairs, examines the claim made by critics of the law that employers will make more people work part-time in order to avoid having to give them health insurance.
The law mandates that employers provide health insurance for people working 30 hours or more per week. This had sparked reports that some employers would cut hours to avoid paying out insurance.
Even Hillary Clinton last month said that the Affordable Care Act (ACA) was contributing to more part-time work.
The employer mandate, which was delayed from its original start in 2014, went into effect for employers with 100 or more workers in 2015. It only just went into effect, at the start of 2016, for employers with 50-99 workers, so it is possible more effects will emerge over time.
source–the hill, peter sullivan,