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Health Reform To Lose $83 Billion In Deficit Savings

By Igor Volsky on October 17, 2011 at 11:55 am

"Health Reform To Lose $83 Billion In Deficit Savings"

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The Congressional Budget Office will no longer count the deficit savings from CLASS in its next budget projection, CBO chief Doug Elmendorf writes in a blog post this morning. The office “will assume that the program will not be implemented (unless there are changes in law or other actions by the Administration that would supersede Friday’s announcement),” he wrote. On Friday, HHS announced that it would stop implementing the program. A March 2011 CBO update estimated that CLASS reduced the deficit by $83 billion over 10 years. On net, the Affordable Care Act will “reduce federal deficits by $210 billion over the 2012–2021 period,” it concluded.

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