CBO Report: Repealing Obamacare's Individual Mandate Will Save $Billions
And by "mandate," we mean: buy this crappy insurance or be punished by the IRS. But that's always the Leftist way, isn't it? Not that the junior wing of the Permanent Bipartisan Fusion Party is going to do anything about it:
Congressional budget minders say repealing Obamacare’s “individual mandate” would save taxpayers more than $305 billion and increase the number of uninsured Americans by 14 million over the next decade. The mandate requires people to obtain adequate health insurance or pay a tax penalty, unless they qualify for a financial exemption or other carve-outs spelled out in the Affordable Care Act of 2010 and regulations authored by the Obama administration.
Without the force of the mandate, millions more would go uninsured, resulting in 41 million uninsured overall by 2025, the Congressional Budget Office said Tuesday. That also means the government would spend about $100 billion less on subsidies for people who purchase private plans on Obamacare’s web-based exchanges, and about $200 billion less on Medicaid and the Children’s Health Insurance Programs over the 10-year budget window. Meanwhile, scrapping the mandate’s tax penalties would reduce revenues by just under $6 billion over that period.
Reducing government revenues, letting taxpayers keep more of their own money -- what's not to like? Which is why Boehner and McConnell will do absolutely nothing.