US Supreme Court health-care ruling will increase uninsured, budget office says
TUESDAY, JULY 24, 2012 LAST UPDATED: TUESDAY JULY 24, 2012, 4:23 PM
BRIAN FALER
BLOOMBERG NEWS
THE RECORD
WASHINGTON – The Supreme Court decision that threw out part of President Obama’s health-care overhaul will cut the law’s cost and leave more people uninsured, according to the Congressional Budget Office.
About 3 million fewer Americans will receive insurance coverage as a result of the court decision, which voided a provision to require states to expand Medicaid coverage for the poor, the nonpartisan agency said Tuesday. The cost of expanding coverage will shrink by $84 billion, CBO said.
It is the first official cost estimate of the court’s June 28 decision to uphold the 2010 law’s requirement that most Americans carry health insurance or pay a penalty.
CBO