The Congressional Budget Office on Wednesday said that repealing Obamacare’s individual mandate penalties would save $338 billion over the next decade, providing a potential injection of money to help finance Republican tax reform efforts.
The CBO acknowledged Wednesday that it was revisiting its methodology around the repeal of the individual mandate, but that changes would not be included in a full report set to be released later in the afternoon. Keith Hall, CBO director, said in a blog post that the evaluation was still underway by his agency and by the Joint Committee on Taxation.
“The agencies are in the process of revising their methods to estimate the repeal of the individual mandate,” he said. “However, because that work is not complete and significant changes to the individual mandate are now being considered as part of the budget reconciliation process, the agencies are publishing this update without incorporating major changes to their analytical methods.”
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