December 11, 2015 at 5:30 pm ET
CBO: Reconciliation Bill Would Reduce Deficit by $474 Billion
A reconciliation bill that would repeal key parts of the Affordable Care Act and passed the Senate last week would decrease deficits by about $474 billion between 2016 and 2025, according to an estimate from the Congressional Budget Office.
The biggest savings come from provisions that would repeal federal insurance exchange subsidies, starting in 2018, and eliminate the limit on how much people repay if their premium tax credit exceeds the amount allowed based on their income. The House still has to vote on the Senate bill before it heads to the White House, which has already issued a veto threat.