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VOL. 127 | NO. 144 | Wednesday, July 25, 2012

Budget Office: Obama's Health Law Reduces Deficit

ANDREW TAYLOR & RICARDO ALONSO-ZALDIVAR | Associated Press

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WASHINGTON (AP) – Congress' budget scorekeepers are taking a new look at President Barack Obama's health care law – and they still say it is expected to reduce federal deficits.

It's the first in-depth look by nonpartisan experts since the Supreme Court upheld most of the law last month.

The court made one exception: States don't have to sign on to a planned expansion of Medicaid for their low-income residents. The Congressional Budget Office said Tuesday that that could reduce the number of people covered by several million. But taxpayers would also save on costs.

Overall, spending cuts and tax increases in Obama's law more than offset new spending,

Repealing the law, as Republicans want to do, would increase the deficit by $109 billion from 2013 to 2022.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 109 433 13,330
MORTGAGES 114 591 17,349
FORECLOSURE NOTICES 11 93 3,391
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 76 352 12,695
BUSINESS LICENSES 21 108 4,597
UTILITY CONNECTIONS 77 564 19,457
MARRIAGE LICENSES 29 151 4,060

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