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GAO: PPACA Reduces Nation's Debt, But Only for Ten Years

The Patient Protection and Affordable Care Act (PPACA) will help reduce the nation's debt by reducing health care costs, according to a new report from...
November 23, 2010

The Patient Protection and Affordable Care Act (PPACA) will help reduce the nation's debt by reducing health care costs, according to a new report from the nonpartisan U.S. Governmental Accountability Office (GAO). But the GAO report has an important caveat: that debt reduction only extends for ten years. After 2020, debt grows continuously over the long term.

"Health care legislation enacted earlier this year has the potential to slow the growth of federal health care spending," the GAO report stated. "However, even under the more optimistic Baseline Extended scenario, which assumes the full implementation and effectiveness of cost control provisions, debt grows continuously over the long term, indicating that more needs to be done."

Click here to read GAO: Implementing Health Reforms Will Lower Debt Forecast (BestWire 11/17/10)

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