The Affordable Care Act’s (ACA) effect on the deficit has become a major point of debate between both Republicans and Democrats as House Republicans look to repeal the legislation. The initial analysis from the Congressional Budget Office (CBO) states that repealing the ACA would increase the deficit by $230 billion over the next 10 years and leave 32 million more Americans uninsured.
The GOP has dismissed the CBO report by offering a counter-report from the House Budget Committee. That reports states that the ACA would increase the deficit by $701 billion in the first 10 years.
Speaker of the House John Boehner plans to have a vote to repeal the ACA with a bill called the Repealing the Job-Killing Health Care Law Act (HR 2) the week of January 17th. If the bill passes the House, Senate Majority Leader Harry Reid has stated he will not allow the bill to come to come to the Senate floor for a vote. President Barack Obama plans to veto the bill if it makes it to the executive office.