Health

In Two Charts: Why Repealing Health Reform Increases Health Care Spending

CREDIT:

A new report from the Government Accountability Office shows that budgetary spending on health care would rise significantly in the long run if Obamacare were repealed. The law contains several cost-containing mechanisms — the excise tax on high cost plans and the Medicare savings — that would “slow the growth in federal health care spending over the long term,” the report found. As a result, it reduces entitlement spending from 14.5 percent of GDP to 13.5 percent by 2030 and stabilizes spending thereafter:

As the second chart shows, entitlement costs increase substantially beyond 2030 if the law is repealed: