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CBO: Reform Law Could Reduce Deficit in 2020
Health Leaders Media

The Congressional Budget Office (CBO), incorporating its latest August 2010 outlook report data on the budget, estimates that the effects of the healthcare reform legislation approved in March will reduce the projected deficit in 2020 by $28 billion, with an additional $2 billion projected as well from education provisions.

CBO Director Douglas Elmendorf, responding to a query by Sen. Mike Crapo (R-ID), a member of the Senate Finance Subcommittee on Health Care, noted that the Patient Protection and Affordable Care Act (PPACA) and the subsequent reconciliation law approved by Congress will produce $143 billion in net budgetary savings between 2010 and 2019.