The Edmond Sun

Local News

July 24, 2012

CBO: H.R. 6079 would add $109B to federal deficits

EDMOND — Repealing the Affordable Care Act would add $109 billion to federal budget deficits from 2013-2022, according to an update released Tuesday by the Congressional Budget Office.

In a letter to House Speaker John Boehner the CBO and the staff of the Joint Committee on Taxation estimate the direct spending and revenue effects of H.R. 6079, the Repeal Obamacare Act, as passed by the U.S. House on July 11. It would repeal the Affordable Care Act with the exception of one subsection with no budgetary effect. The subsection was not specified.

The new estimate reflects spending and revenue projections in the CBO’s March 2012 baseline as adjusted to take into account the effects of the recent U.S. Supreme Court decision regarding the Affordable Care Act.

Assuming H.R. 6079 becomes law near the start of fiscal year 2013, the revised findings estimate direct spending and revenue effects of repealing the law would reduce net spending by $890 billion from 2013-2022 and reduce revenue by $1 trillion during the same period, adding $109 billion to federal budget deficits.

Major components of the Affordable Care Act resulting in the net increase in deficits include:

• Costs of coverage expansions such as the cost of subsidies via state-based exchanges (a mechanism for organizing the health insurance marketplace), increased outlays for Medicaid and the Children’s Health Insurance Program and tax credits for certain small employers will be partially offset by penalty (or depending on who is talking tax) payments from employers and uninsured individuals, revenues from the excise tax on high-premium insurance plans and net savings from other coverage-related effects. Repealing those coverage provisions of the law during the 2013-2022 would yield gross savings of an estimated $1.677 billion and net savings — after accounting for the just mentioned offsets — and net savings of $1.171 billion.

• The Affordable Care Act also includes a number of other provisions related to health care estimated to reduce federal outlays, primarily Medicare. By repealing those provisions, H.R. 6079 would increase other direct spending during the next decade by an estimated $711 billion.

• A number of provisions in the Affordable Care Act are estimated to increase federal revenue, apart from the effect of provisions related to insurance coverage, mostly by increasing the hospital insurance payroll tax and extending it to net investment income for high-income taxpayers and by imposing fees or excise taxes on certain manufacturers and insurers. Repealing those provisions would reduce revenue by an estimated $569 billion from 2013-2022.

The projections are uncertain since they are based in large part on projections of the effects of the Affordable Care Act, which are themselves highly uncertain, according to the authors of the letter to Boehner.

The CBO also released estimates for the insurance coverage provisions of the Affordable Care Act related to the recent U.S. Supreme Court ruling.

On June 28, the Supreme Court essentially made Medicaid expansion under the law a state option. The CBO and the Joint Committee on Taxation now estimate the insurance coverage provisions will have a net cost of $1.168 billion from 2012-2022 compared with the $1.252 billion projected in March 2012 for that 11-year period, for a net reduction of $84 billion. The figures do not include the budgetary impact of other provisions of the Affordable Care Act which in the aggregate reduce budget deficits.

Projected net savings resulting from the ruling arise because spending reductions from lower Medicaid enrollment are expected to more than offset the increase in costs from greater participation in the newly established exchanges.

Under the law as enacted but before the ruling Medicaid expansion appeared to be mandatory for states that wanted to continue receiving federal matching funds for any part of their Medicaid program.

The CBO and the Joint Committee on Taxation expect some states eventually will expand but will not do so by 2014 as specified in the Affordable Care Act.

The CBO and the Joint Committee on Taxation estimate that in 2022 Medicaid and the Children’s Health Insurance Program are expected to cover about 6 million fewer people than previously expected, about 3 million more people will be enrolled in exchanges and about 3 million more will be uninsured. | 341-2121, ext. 108


Text Only
Local News
  • MS_prisons 1.JPG DOC action could save $36.8 million annually

    The Oklahoma Department of Corrections expects to avert more than 2,100 offenders by 2021 saving more than $36.8 million annually, an audit states.
    Tuesday, State Auditor and Inspector Gary Jones  released the results of a performance audit of the DOC that was requested by Gov. Mary Fallin. The audit for the period July 1, 2007 through June 30, 2013, distinctly focused on governance, financial management and capacity management.
    Audit recommendations included:

    July 30, 2014 2 Photos

  • food bank.jpg Regional Food Bank receives donation

    At a special celebration event Wednesday, Walmart and the Walmart Foundation announced that over the last fiscal year they gave more than $30 million in cash and in-kind contributions to charitable organizations throughout Oklahoma. Additionally, the retailer and its Foundation have partnered with local food banks to provide more than 15 million pounds of food to residents.

    July 30, 2014 1 Photo

  • Man allegedly assaults officer on Tinker AFB

    A metro man faces an assault complaint after he allegedly nearly struck a federal officer with a vehicle during a pursuit that began as a traffic stop on Tinker Air Force Base, court records show.
    Sanford C. Coats, U.S. attorney for the Western District of Oklahoma, said Wednesday a criminal complaint was unsealed charging James Williams, 60, of Del City, with assaulting a federal officer with a dangerous weapon.

    July 30, 2014

  • NAMI classes begin in September

    NAMI Edmond North-OKC, the local organization of the National Alliance on Mental Illness, will offer its Family-to-Family Education Program beginning Sept. 2. It will contine Sept. 4 and 8-9. Classes will be at Crossings Community Church, Quail Springs United Methodist Church, Francis Tuttle Technology Center (Portland campus), Tinker AFB Chapel and the Thunderbird Club House in Norman.
    NAMI Family-to-Family is a free 12-session education program for family caregivers of adults living with mental illness. The sessions are offered once a week for a few hours each.

    July 30, 2014

  • drugs 1.jpg K9 hot on drug trail

    An Oklahoma County deputy and his K9 partner have logged another impressive drug seizure, records show.
    Oklahoma County Sheriff’s Office spokesman Mark Myers said Monday a deputy noticed a car weaving and straddling lanes on I-40 near the Meridian Avenue exit. Myers said the deputy stopped the vehicle and spoke with the two people inside.
    The driver and passenger told conflicting stories about their trip, Myers said. The deputy also smelled marijuana inside of the vehicle, Myers said.

    July 30, 2014 3 Photos

  • City spends $1.7 million on ITS

    Public safety will benefit by the Intelligent Transportation System with its implementation by the City of Edmond, said Steve Commons, assistant city manager.
    More vehicles are added to traffic volume as Edmond’s population grows. ITS connects all of the city’s traffic signals in order to improve traffic flow in present time with greater efficiency, Commons said Wednesday.
    “Some of that can be done through computer automation that tracks how traffic is changing,” Commons said.

    July 30, 2014

  • clinic 1.jpg Edmond church to host free eye clinic

    An Edmond church and Feed the Children are partnering to provide a free eye clinic.
    Individuals will be able to receive a free vision test and free prescription eye glasses from 9 a.m. to 3 p.m. Aug. 9 at the Waterloo Road Baptist Church, 3100 E. Waterloo Road. All ages are welcome and registration is not required.

    July 29, 2014 2 Photos

  • weather 1.jpg July could be coolest in weather record books

    With chances for soaking rains and unseasonably cool temperatures becoming frequent, a weather expert is increasingly convinced Oklahoma will end up with a historic July.
    At mid-afternoon Tuesday, the National Weather Service forecast for Edmond called for the high Wednesday to be near 73 with a 90 percent chance of heavy rain, followed by the high Thursday near 78 with a 30 percent chance of showers.
    Highs are expected to remain in the 80s into Monday.

    July 29, 2014 3 Photos

  • Downtown Master Plan accepted by council

    The 2014 Downtown Master Plan Study was accepted by a 3-0 vote Tuesday evening by the Edmond City Council.
    Fort Worth-based consulting group Freese and Nichols presented their final update to the 1998 Downtown Master Plan. The city hired the group at a cost of $300,000 to make recommendations for future development of Broadway in the central business district.
    “There are clearly some short-term (parking) options that we feel should move forward,” said Cody Richardson, of Freese and Nichols consultants of Fort Worth. “Better signage at existing parking lots.”

    July 29, 2014

  • UCO forensic volunteer wants to aid more agencies

    A four-person group of forensic investigators who volunteer their time to help smaller Oklahoma police departments isn’t enough to meet demand, a member said.
    Kama King, who recently completed her graduate research and will be a member of the faculty at the University of Central Oklahoma’s Forensic Science Institute, said outside of full-time jobs, members of the group volunteer to assist these agencies.
    As her career progresses, King hopes to help establish a permanently funded organization available to any agency in the state to assist in remains recovery as well as related training.

    July 29, 2014

Featured Ads
NDN Video
Heartwarming 'Batkid Begins' Documentary is Tear-Jerker Orlando Bloom 'Takes a Swing' at Justin Bieber In Ibiza Pitch Invading Morons Cause Chaos - @TheBuzzeronFOX Sadie Doesn't Want Her Brother to Grow Up "Maxim" Hotness! See Jessica Alba's Sizzling Spread Two women barely avoid being hit by train Broken Water Main Floods UCLA Orlando Bloom and Justin Bieber Reportedly Came To Blows In Ibiza Meet the Man Behind Dumb Starbucks Chris Pratt Adorably Surprises Kids at a 'Guardians of the Galaxy' Screening NOW TRENDING: Peyton Manning dancing at practice "The Bachelorette" Makes Her Decision Thieves pick the wrong gas station to rob Golden Sisters on '50 Shades' trailer: 'Look At That Chest!' Staten Island Man's Emotional Dunk Over NYPD Car - @TheBuzzeronFOX GMA: Dog passes out from excitment to see owner Baseball Hall of Famers Inducted 'Hunger Games: Mockingjay Part 1' Sneak Peek Florida Keys Webcam Captures Turtles Hatching Morgan Freeman Sucks Down Helium on 'Tonight Show'

The runoff race for the 5th District congressional seat is set for Aug. 26. If the voting were today, which candidate would you support?

Al McAffrey
Tom Guild
     View Results