REPORT: Repealing Obamacare Mandate Would Save Taxpayers Billions

Repealing the Obamacare individual mandate would cut the federal deficit by $338 billion according to a new report by the Congressional Budget Office.

The mandate requires Americans buy health insurance or face a fine from the government. Some Republicans are proposing getting rid of the mandate as part of an overall tax reform package.

The government would lose money from fines, but save money in the long run by spending less on Medicaid and Obamacare subsidies that help people buy health insurance.

According to the report, not requiring Americans to buy health insurance will result in four million more uninsured by 2019 and 13 million by 2027. That’s leaving some lawmakers feeling skittish since it revives debates over failed attempts to repeal and replace Obamacare.