Analysts: Health law repeal boosts economy, adds red ink, deficits

SHARE Analysts: Health law repeal boosts economy, adds red ink, deficits

WASHINGTON — A new nonpartisan government study says that repealing President Barack Obama’s signature health care law would boost the economy even as it increases budget deficits.

The Congressional Budget Office says that completely repealing the law would, on average, increase the economy by 0.7 percent a year when economic effects have had a chance to kick in. That’s mostly because more people would work more to make up for the lack of health care subsidies from the government.

But the budget office adds that repealing the law’s spending cuts and tax increases would add $137 billion to the federal deficit over the coming decade, even as almost $1.7 trillion in coverage costs would disappear.

The Congressional Budget Office does nonpartisan budget analysis for lawmakers.

ANDREW TAYLOR, Associated Press

The Latest
Add the protein of your choosing to turn them into a fuller meal.
A man and a woman were found fatally shot inside a Ravenswood home.
Now she’s pregnant again and having another shower, and guest debates whether to buy another present.
Nearly half of the more than 60 prospective jurors screened on Monday were dismissed, some because of the hardship they’d endure if called to serve and others who said they could not be fair.
Thinking ahead to your next few meals? Here are some main dishes and sides to try.