Health insurance reform opponents, including Republican Congressman Mike Pence of Indiana, continue to spread myths about America's Affordable Health Choices Act's effect on the deficit.
Myth: “The American people know what government-run health care will mean: … bigger deficit...” - Congressman Mike Pence [7/28/09]
Fact: The nonpartisan CBO found America's Affordable Health Choices Act is deficit neutral.
- The CBO released estimates confirming that the health insurance reform policies of America's Affordable Health Choices Act are deficit-neutral over the 10-year budget window -- even producing a $6 billion surplus. CBO estimated that the cost of the bill's insurance reforms was $1.042 trillion, while the bill's cost savings and revenues totaled $1.048 trillion. CBO estimated that these reforms will provide affordable coverage for 97 percent of Americans two years after the program starts.
In addition, the President has said: “I've also pledged that health insurance reform will not add to our deficit over the next decade. And I mean it… [health insurance reform] will be paid for.” [7/22/09]
For more health insurance reform myth busting, please click here.
For more information on America's Affordable Health Choices Act, please click here.