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Letter to the Honorable John Boehner providing an estimate for H.R. 6079, the Repeal of Obamacare Act 1 (July 24, 2012)

handle is hein.congrec/cbo10828 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Douglas W. Elmendorf, Director U.S. Congress Washington, DC 20515 July 24, 2012 Honorable John Boehner Speaker of the House U.S. House of Representatives Washington, DC 20515 Dear Mr. Speaker: As you requested, the Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation (JCT) have estimated the direct spending and revenue effects of H.R. 6079, the Repeal of Obamacare Act, as passed by the House of Representatives on July 11, 2012. This estimate reflects the spending and revenue projections in CBO's March 2012 baseline as adjusted to take into account the effects of the recent Supreme Court decision regarding the Affordable Care Act (ACA).1 H.R. 6079 would repeal the ACA, with the exception of one subsection that has no budgetary effect.2 In repealing the ACA, H.R. 6079 would restore provisions of law modified by that legislation as if the ACA had never been enacted. Among other things, H.R. 6079 would: e Eliminate the requirement that most legal residents of the United States obtain health insurance or pay a penalty tax; 1. See Congressional Budget Office, EStio.iates ii; the hnsaiwe Cow(I'age Ptwi.,)ions q i'Ihe . {J rdclble Ca, re Act pda!ed-fii the .eceniSueme Court Decis.;ion (July 2012). The ACA comprises the Patient Protection and Affordable Care Act (Public Law 111-148) and the provisions of the Health Care and Education Reconciliation Act of 2010 (P.L. 111-152) that are related to health care. In addition to repealing the ACA itself, H.R. 6079 would also affect certain subsequent changes in statute. As used in this letter, the term repealing the ACA encompasses all of the effects of H.R. 6079. 2. That subsection relates to procedures for Congressional consideration of a proposal that the Independent Payment Advisory Board (or the Secretary of Health and Human Services) submits to the Congress as required under section 1 899A of the Social Security Act. That provision has no effect on CBO and JCT's estimate of the budgetary effects of the ACA or its repeal.

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