CBO and the JCT estimate that, by itself, repealing the mandate would reduce federal deficits by about $338 billion over the 2018–2027 period and increase the number of uninsured people by 4 million in 2019 and 13 million in 2027.
CBO and the staff of the Joint Committee on Taxation estimate that repealing that mandate starting in 2019 would reduce federal budget deficits by $338 billion between 2018 and 2027 relative to CBO’s most recent baseline.
In fiscal year 2017, the budget deficit totaled $666 billion—$80 billion more than the shortfall recorded in 2016. Measured as a share of GDP, the deficit increased to 3.5 percent in 2017, up from 3.2 percent in 2016 and 2.4 percent in 2015.
CBO estimates that the Obama Administration’s 2017 plans for nuclear forces would cost $1.2 trillion (in 2017 dollars) over the 2017–2046 period. CBO analyzed nine options that would reduce those costs or delay some of them.
This report explains the changes to CBO’s long-term Social Security projections since last year. Compared with those made in July 2016, CBO’s latest projections indicate a slight improvement in the financial outlook for Social Security.
This report explains the various measures and approaches for quantifying the adequacy of retirement income, providing a framework for further analysis.
CBO presents new estimates of the budgetary effects of options for a premium support system for Medicare and examines the reasons for the changes in the estimates, including changes in law that have affected the Medicare program.
Funding for support functions consumes more of the defense budget today than it did in the 1980s, CBO finds. The largest increases were in health care, DoD management, communications infrastructure, and the science and technology program.