Tags: immigration | obamacare | costs

CBO: Immigration Bill Could Add Billions to Cost of Obamacare

Wednesday, 19 Jun 2013 12:05 PM

By Melanie Batley

Proposals in the Senate immigration-reform bill to legalize the nation's 11 million undocumented workers and expand the guest-worker program would cost the government billions of dollars as more people become eligible for Obamacare, according to a Congressional Budget Office analysis.

The CBO predicts that workers at the top and bottom of the income scale would face higher rates of unemployment and lower wages as they compete with newly legalized immigrants, according to The Washington Times.

The CBO calculated the bill would cost $87 billion more in subsidies for immigrants who qualify to buy insurance on the new Obamacare health exchanges. While the newly legalized won't be eligible, guest workers and several other categories of work visa holders, would be.

Overall, however, the immigration bill is expected to boost the economy by adding $200 billion to the federal budget in the first decade and an additional $700 billion in the second decade, as the increased revenue from taxes will outweigh the costs of benefits for new citizens.

The CBO estimates that if the bill becomes law, an additional 10.4 million people will be living in the United States by 2023.



© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Wash Times: Senate GOP Requests Obama's Emails in IRS Inquiry

Friday, 30 Jan 2015 08:48 AM

A group of Senate Republicans have called on President Barack Obama to turn over all communications that he and his aide . . .

Obama to Request $1B to Aid Central American Economies

Friday, 30 Jan 2015 08:26 AM

In his 2016 fiscal budget request on Monday, President Barack Obama will ask for $1 billion to kick start beleaguered Ce . . .

Taliban Kills 3 Americans as White House Dismisses 'Terror' Label

Friday, 30 Jan 2015 08:12 AM

A day after the White House declined to classify the Taliban as a terror group, on Friday the group claimed responsibil . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved