CBO Cautions Obamacare Foes About Full Repeal

Obamacare stretches into much of the U.S. economy, and outright repealing it, as Republicans are gearing up to try one last time, would be a tricky proposition, according to the latest estimates from Congress‘ official scorekeeper.

Although a repeal would boost the economy, it would add tens of billions of dollars to the deficit over the next decade as Washington loses out on the hefty tax increases imposed at President Obama’s insistence.

More than 20 million people no longer would be covered by health care plans, the Congressional Budget Office calculated in a report released Friday.

Republicans who back the repeal, the report said, would come under intense pressure to find ways to extend better health care coverage without the massive federal bureaucracy created by the Affordable Care Act.