Health law lowers deficit, costs for consumers

The nonpartisan Congressional Budget Office has again determined that the federal health care law will reduce the deficit, contrary to the rhetoric of many Republicans. What’s more, it calculated that Republican legislation to repeal the law would increase the deficit by $109 billion from 2013 to 2022. That’s not to say that there aren’t serious concerns about the law, including that it doesn’t do enough to control costs. But it won’t create large deficits, at least not during the time period examined by CBO. The law also is lowering some costs for consumers. A new federal analysis found that Kansans on Medicare have saved more than $41 million on prescription drugs since the law was enacted ($3.9 billion saved nationwide). Just in the first half of 2012, Kansans saved an average of $576 on prescriptions that used to be in the Medicare “doughnut hole” coverage gap.