Van Hollen Statement on Updated CBO Analysis of the Affordable Care Act
Washington, DC – Today Maryland Congressman Chris Van Hollen, Ranking Member of the House Budget Committee, issued the following statement on updated analysis from the Congressional Budget Office (CBO) about the Affordable Care Act:
“House Republicans were so eager to vote to repeal the Affordable Care Act earlier this month – something they’ve done more than 30 times – they didn’t even bother waiting for the Congressional Budget Office (CBO) to update its numbers. Now, thanks to the analysis released by CBO today, we know that the Republican obsession with repealing health reform would worsen the deficit by $109 billion over ten years and by roughly $1.5 trillion in the second decade. Despite the significant budgetary challenges we face, Republicans have made it clear that what they care about most is abolishing the constructive reforms and important consumer protections in the law, without offering a serious replacement plan. This is not governing, this is costly posturing at the taxpayers’ expense.
“Health reform will benefit millions of people by making health care coverage more affordable and accessible and by putting Americans – not insurance companies – in charge of their health care choices. CBO’s latest estimate shows that the law will increase the number of Americans with health coverage by 30 million by 2022. The law includes virtually every cost-containment strategy that experts recommend to make our nation’s health care system economically sustainable over the long term while improving the quality of care. The latest analysis from CBO shows that the Affordable Care Act will increase access to health coverage and improve its affordability in a fiscally sound way.”