From The Congressional Budget Office:
With the House planning to take up H.R. 45, a bill to repeal the Patient Protection and Affordable Care Act and health care-related provisions in the Health Care and Education Reconciliation Act of 2010, very shortly, you requested that the Congressional Budget Office (CBO) provide a cost estimate for that legislation. Unfortunately, we will not be able to do so. Preparing a new estimate of the budgetary impact of repealing the Affordable Care Act (ACA) would take considerable time—probably several weeks—for CBO and the staff of the Joint Committee on Taxation (JCT), because there are hundreds of provisions in the ACA and those provisions are already in various stages of implementation. Moreover, we have just finished the time-consuming task of updating our baseline budget projections and need to finish our analysis of the President’s budgetary proposals.(my bold)
CBO and JCT most recently estimated the budgetary impact of repealing the ACA in July 2012. In a letter to Speaker Boehner (sent on July 24, 2012), CBO described the direct spending and revenue effects of H.R. 6079, the Repeal of Obamacare Act, as passed by the House of Representatives earlier in July. In that letter, CBO indicated that the net savings from eliminating the insurance coverage provisions of the ACA would be more than offset by the combination of other spending increases and revenue reductions that repeal of the ACA would entail. On balance, CBO and JCT estimated, repealing the ACA would affect direct spending and revenues in ways resulting in a net increase in budget deficits of $109 billion over the 2013–2022 period.
Although CBO and JCT have not updated that estimate to reflect the most recent baseline projections, we anticipate a similar result were we to do so. We have just updated our estimate of the effects of the insurance coverage provisions of the ACA, because that estimate forms part of our baseline budget projections; the current estimated cost of those provisions is only a little higher than the estimated cost last July—by about $30 billion for the years 2014 to 2022. With that change and the addition of 2023 to the period for which CBO prepares cost estimates, the savings over the 2014–2023 period from repealing the insurance coverage provisions would be greater than the $1.2 trillion estimated last year for the 2013–2022 period. But the net costs of repealing the other provisions of the ACA were estimated last year to total about $1.3 trillion for the 2013–2022 period, and with the addition of 2023, they too would probably be greater this year—although CBO does not know the magnitude of the changes.
Three cheers for the CBO, for telling the House Republican Caucus to go pound sand. These quasi-treasonous Goposaur representatives may be able to waste their own time at their discretion, but they can't force other parts of government to waste it along with them.
And just in from Greg Sargent, the Democrats plan to hit back hard against today's repeal vote:
The DSCC is putting out press releases in the districts of multiple House Republicans today who are either running for Senate, or are contemplating a run, highlighting today’s vote for Obamacare repeal. Here’s the release that hits three GOP Members of Congress in Georgia who are running for Senate:http://www.washingtonpost.com/...
Paul Broun, Phil Gingrey, and Jack Kingston are far more interested in scoring partisan political points than helping middle class Georgians, and voting for the 37th time to repeal health care reform proves it. Georgia voters want their representatives in Congress working on common sense reforms to our health care system, not wasting the country’s time with meaningless stunts designed to score political points. Broun, Gingrey, and Kingston’s reckless waste of taxpayers’ time and resources only threatens to take us back to the time when insurance companies could discriminate and deny coverage for people with preexisting conditions, drop you from your plan when you get sick, and kick children off their parents’ health care before they turn 26.
As a result of the Affordable Care Act, health care is more available and more affordable for all Americans and repealing it would have an instant impact on seniors and middle class families. Medicare benefits for seniors, including prescription drug coverage, and coverage for preventive-care benefits, like mammograms and free wellness visits, would be cut immediately.
According to Sargent, this same release will soon hit GOP Reps. Michele Bachmann (Minnesota), Mike Rogers and Justin Amash (Michigan), Tom Cotton (Arkansas), Shelley Moore Capito (West Virginia), and William Cassidy (Louisana). Also, the DCCC will be robocalling the districts of 10 other House Republicans who will surely vote today for repeal.