Repeal of individual mandate to reduce deficit by $338 billion: CBO

Reuters News
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Posted: Nov 08, 2017 9:41 AM

WASHINGTON (Reuters) - The Congressional Budget Office said on Wednesday that repealing the individual mandate under Obamacare would reduce the federal budget deficit by $338 billion over the next decade, not the $416 billion that it had initially estimated.

The updated document will be released on Wednesday afternoon "in response to interest from members of congress," CBO said in a statement on its website.

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(Reporting by Makini Brice; Editing by Susan Heavey)