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Monday, March 13, 2017

CBO Quietly Drops Forecast That Obamacare Will Cut the Deficit | The Fiscal Times

CBO Quietly Drops Forecast That Obamacare Will Cut the Deficit | The Fiscal Times



In April, the agency quietly signaled that it can no longer make that projection; that the law had been changed and delayed so much that there is no longer a credible way to estimate the long-term effects on the deficit of all elements of the program taken together.
In a little noticed footnote to a report updating estimates of the effects of the insurance coverage provisions of the law, the agency headed by Douglas Elmendorf acknowledged that neither CBO nor the Joint Committee on Taxation could determine precisely how scores of provisions other than the insurance coverage would impact long term government spending.

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