CBO: Bill To Cut Funds For State Insurance Exchanges Reduces Deficit.

CQ (4/29, Norman, Subscription Publication) reports a bill “that would repeal mandatory federal funding for states to set up health insurance exchanges is headed to the House floor next week, and the Congressional Budget Office reports that it would reduce deficits by nearly $13 billion from 2012 through 2016.” In addition, “passage of the exchanges funding repeal measure (HR 1213) would likely lead to a delay in the establishment of exchanges. So fewer people would have health insurance and federal spending for subsidies would be reduced, CBO said.”
Modern Healthcare (4/29, Zigmond, Subscription Publication) reports CBO said the “legislation to repeal mandatory funding in the healthcare reform law for states to create health insurance exchanges would reduce the federal budget deficit by about $14.4 billion over 10 years and also delay the start of those exchanges.” The CBO’s “findings showed that federal outlays for state grants would be reduced by $1.9 billion, the entire amount that the CBO assumes would be spent on the grants between 2012 and 2015.”

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