Truth in Obamacare Accounting Act

Bill: 113-s-2446
Sponsor: full_name: Sen. Johnson, Ron [R-WI]
Introduced: 2014-06-05
Policy area: Economics and Public Finance
Subjects: Budget deficits and national debt

Budget process

Comprehensive health care

Economic performance and conditions

Health care costs and insurance

Health care coverage and access
Latest action: action_date: 2014-06-05
text: Read twice and referred to the Committee on the Budget.

Summaries:
action_date: 2014-06-05
action_desc: Introduced in Senate
text: <p class="MsoNormal">Truth in Obamacare Accounting Act - Requires the Congressional Budget Office (CBO) to provide regular estimates of the net effect that enactment and implementation of the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010 had on direct spending, revenue, and the deficit. Requires CBO to include the estimates in each annual and revised report on the budget and economic outlook prepared pursuant to the Congressional Budget Act of 1974. </p>

tv_txt: II 113th CONGRESS 2d Session S. 2446 IN THE SENATE OF THE UNITED STATES June 5, 2014 Mr. Johnson of Wisconsin introduced the following bill; which was read twice and referred to the Committee on the Budget A BILL To require the Congressional Budget Office to annually report changes in direct spending and revenue associated with the Patient Protection and Affordable Care Act.

1. Short title This Act may be cited as the Truth in Obamacare Accounting Act . 2. Congressional Budget Office reporting on the Patient Protection and Affordable Care Act The Congressional Budget Office shall include in each annual report on the budget and economic outlook, and each revision of such a report, prepared under section 202(e) of the Congressional Budget Act of 1974 ( 2 U.S.C. 602(e) ), information on the net effect that the enactment and implementation of the Patient Protection and Affordable Care Act ( Public Law 111–148 ) and the Health Care and Education Reconciliation Act of 2010 ( Public Law 111–152 ) had on direct spending and revenue, including the net impact that such enactment and implementation had on deficit, both on-budget and off-budget. Such information shall be disclosed in a manner similar to that provided for in table 2 of the Congressional Budget Office’s March 20, 2010, estimate of the budgetary effects of the Health Care and Education Reconciliation Act of 2010 and the Patient Protection and Affordable Care Act.