BREAKING NEWS

US CBO: Supreme Court ruling reduces gov't healthcare costs

By REUTERS

JULY 24, 2012 21:57

WASHINGTON - The US Congressional Budget Office said on Tuesday the Supreme Court ruling that upheld US President Barack Obama's healthcare law but changed Medicaid requirements will save the government some $84 billion over 11 years.

Most of the savings will come from states limiting expansion of their Medicaid healthcare coverage for the poor. The CBO also said that repealing Obama's healthcare law would increase the deficit over the next decade by $109 billion, mostly because the law includes revenue increases and cost savings to pay for expanding medical coverage to the uninsured.

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