[CarlV]

Originally Posted by Tom Joad

Finland does shit right.

The US should emulate them.

Like this?

What will be the impact on the federal budget?

One might think that repealing a law like the Affordable Care Act would save the federal government money. Actually, in many scenarios, it won’t. That’s because the law doesn’t just spend money -- it also raised revenue through taxes, and it implemented policies designed to keep costs in check. So getting rid of the law also gets rid of the revenue it produced.

While it acknowledged some uncertainty, the CBO estimated that over a 10-year period, repealing the law would increase federal budget deficits by $353 billion. A more recent estimate by the Committee for a Responsible Federal Budget mirrored what the CBO found -- $350 billion over 10 years.

According to the group’s calculations, the revenue losses would be driven by rolling back tax increases on the wealthy. About half of the $800 billion in revenue losses would come from payroll and investments surtaxes on wages and income above $200,000 -- a tax windfall that very few Americans could take advantage of after a repeal. Another quarter of the revenue losses would come from repealing fees on insurers, medical-device companies and drugmakers.
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Carl