Tuesday, September 10, 2013

CBO: Obamacare individual mandate delay would save $35 billion

CBO: Obamacare individual mandate delay would save $35 billion

The CBO found that just a one-year delay of the individual mandate would save $35 billion over ten years. But the basic cost structure of the Affordable Care Act would remain intact.

“I never thought I’d see the day when the White House, this president, came down on the side of big business, but left the American people out in the cold as far as this health care mandate is concerned,” House Majority Leader Eric Cantor said.

Cantor’s message carried over even to some in the President’s own party. The “Fairness for American Families Act” is one of many Republican-dominated efforts to delay certain aspects of Obamacare, but this time it received bipartisan support: 22 House Democrats bucked their own party and voted for the bill, which President Obama vowed to veto.