Is the Health Care Law Already Running a Deficit?



Sebelius testimonySen. Ron Johnson (R-Wisc.): “The original estimate for deficit reduction in the first 10 years was $143 billion, correct?”

HHS Secretary Kathleen Sebelius: “Yes–”

Johnson: “So now we, we’ve reduced that $143 billion by $86 billion – by not getting revenue from the CLASS Act – and now $111 billion because we’ve increased the mandatory costs of the exchanges, correct?”

Sebelius: “I’m assuming the numbers are correct.  I’m sorry I don’t have them.”

Johnson: “So, when you add those together, that’s $197 billion added to the first 10-year cost estimate of Obamacare, so now we are instead of saving $143 billion, we are adding $54 billion to our deficit, correct?”

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