Fewer Americans will likely get health insurance over the next decade under President Obama’s healthcare law as a result of the Supreme Court’s decision to limit it, according to a new analysis of the landmark ruling.
At the same time, the court’s decision to allow states to opt out of a major expansion of the government Medicaid insurance program for the poor could also save taxpayers $84 billion by 2022, the nonpartisan Congressional Budget Office estimates.
The new projections confirm that the court’s ruling will not fundamentally alter the law that Obama signed in 2010.
The budget office, which Congress relies on to study the impact of proposed legislation, still estimates that the Affordable Care Act will reduce the number of Americans without health coverage by some 30 million over the next decade.
And the law will continue to lower the federal deficit because the costs of expanding coverage are offset by new taxes and cuts in other federal spending. Repealing the law, in contrast, would increase the deficit by $109 billion, budget analysts said.
But the Congressional Budget Office estimates that the court’s decision will lead to major variations across the country in how states implement the law.
The law originally required states to expand their Medicaid programs in 2014 to cover all Americans making less than 138% of the federal poverty level, or about $15,400 for a single adult. Today, Medicaid is mostly limited to poor families, the elderly and the disabled.
The Medicaid expansion, a cornerstone of the law, was originally expected to extend coverage to as many as 17 million uninsured people.
But the Supreme Court ruled last month that states could not be required to open up their Medicaid programs. And since then, several Republican governors have indicated they will refuse federal aid for the expansion.
Post Continues on www.q13fox.com