Pelosi Statement on CBO Report on Deficit-Exploding Cost of ACA Repeal
San Francisco – Democratic Leader Nancy Pelosi released the following statement after the Congressional Budget Office released a report showing Republicans’ plan to repeal the Affordable Care Act would increase the deficit by $353 billion over the next ten years:
“Today’s CBO report is very clear. Any way you slice it, repealing the Affordable Care Act will add hundreds of billions of dollars to the deficit.
“The CBO is projecting that repealing the Affordable Care Act will add more than $350 billion to the deficit in the next ten years, and add a staggering $3 trillion to the deficit in the ten years after that. Even under Republicans’ highly controversial ‘dynamic’ scoring math, the CBO finds that repeal will explode the deficit by more than $100 billion – not counting the increased health care costs from erasing the Affordable Care Act’s emphasis on prevention.
“The cost to the deficit would be surpassed only by the human toll of repeal. Republicans would add over 20 million Americans to the ranks of the uninsured, and strip vital health protections from hundreds of millions of American families – shattering the newfound health security that has made a difference in the lives of so many families. Republicans should look at the numbers and finally end their fixation with repealing this historic law.”