The Hill
CBO throws in the towel on scoring ObamaCare
By Elise Viebeck - 06/04/14 06:12 PM EDT
Congressional budget scorekeepers said they can no longer measure the fiscal
impact of many provisions of ObamaCare because the task is impossible.
In a little-noticed footnote from April, the Congressional Budget Office
(CBO) said it will continue to assess the effects of the law's exchange
subsidies and the Medicaid expansion, while not tracking others.
"The provisions that expand insurance coverage established entirely
new programs or components of programs that can be isolated and reassessed," the
office wrote.
"In contrast, other provisions of the Affordable Care Act
significantly modified existing federal programs and made changes to the
Internal Revenue Code.
"Isolating the incremental effects of those
provisions on previously existing programs and revenues four years after
enactment of the Affordable Care Act is not possible."
The note came in
the CBO's analysis of ObamaCare's insurance coverage provisions in April and was
first reported Wednesday by Roll Call.
It means that measuring the healthcare law's effect on the budget
deficit will be much more difficult, if not impossible. The CBO is normally the
best source of information on bills' projected fiscal effects.
Democrats
designed the Affordable Care Act to reduce the deficit despite its massive
expansion of healthcare coverage by producing savings over time in programs like
Medicare.
The law also includes a variety of taxes and fees to raise
revenue, some of which the CBO suggested it could no longer analyze.
The
CBO produced a full budgetary analysis of the law for the last time in 2012,
concluding that repealing the Affordable Care Act would increase the deficit by
$109 billion over 10 years.
This outcome relies on the full
implementation and maintenance of policies like the employer mandate, which
Republicans and business groups have fought to repeal.
Experts raised
concerns that without a full CBO score, it will be easier for provisions that
finance the Affordable Care Act to disappear, which could increase the deficit.
"Therefs no barrier to continually rolling back the financing mechanisms
without the effect on the Affordable Care Act's finances ever being fully
disclosed," Charles Blahous, a public trustee for Social Security and Medicare,
told Roll Call.