Obamacare repeal to boost 10-year U.S. deficit by $353 billion: congressional forecasters

By David Lawder WASHINGTON (Reuters) - Repealing President Barack Obama's signature healthcare reform law would increase the U.S. budget deficit by $353 billion over 10 years, congressional forecasters said on Friday, more than triple the red ink compared to an estimate three years ago. The new estimate comes as Republicans mull options for replacing the Affordable Care Act if the Supreme Court rules against the law's mechanism by the end of June. The CBO and JCT said the main positive economic effect of an Obamacare repeal would be an increase in labor supply as Americans lose healthcare subsidies, boosting U.S. tax revenues.

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