Budget office: Obama’s health law reduces deficit

Huge tornado hits Oklahoma City suburb, kills at least 51

A monstrous tornado at least a half-mile wide roared through the Oklahoma City suburbs Monday, flattening entire neighborhoods and destroying an elementary school with a direct blow as children and teachers huddled against winds up to 200 mph. At least 51 people were killed, and officials said the death toll was expected to rise.

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July 24, 2012

Budget office: Obama’s health law reduces deficit

Anonymous From The Associated Press The Joplin Globe Tue Jul 24, 2012, 03:11 PM CDT

WASHINGTON — Congress’ budget scorekeepers are taking a new look at President Barack Obama’s health care law — and they still say it is expected to reduce federal deficits.

It’s the first in-depth look by nonpartisan experts since the Supreme Court upheld most of the law last month.

The court made one exception: States don’t have to sign on to a planned expansion of Medicaid for their low-income residents. The Congressional Budget Office said Tuesday that that could reduce the number of people covered by several million. But taxpayers would also save on costs.

Overall, spending cuts and tax increases in Obama’s law more than offset new spending,

Repealing the law, as Republicans want to do, would increase the deficit by $109 billion from 2013 to 2022.

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