[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2011/images/01/07/t1larg.capitol.dome.jpg caption="It's one of the promises on which House Republicans campaigned: If elected, we will repeal health care reform." width=300 height=169]
CNNMoney Staff Reporter
NEW YORK (CNNMoney) - It's one of the promises on which House Republicans campaigned: If elected, we will repeal health care reform.
One problem: Rolling back the law would probably increase federal budget deficits by a total of about $230 billion by 2021, according to a preliminary estimate released Thursday by the nonpartisan Congressional Budget Office.
The long-run outlook isn't any better. The CBO warns that long-term projections are highly uncertain, but said a repeal would increase federal deficits in the decade after 2019 by around 0.5% of GDP.
And that's a major problem for Republicans - who also say they want to reduce the deficit and roll back federal spending to 2008 levels.
However, it's not a complete shock that the CBO's estimate predicts a debt increase if Republicans succeed in repealing the law. After all, the original legislation was predicted to lower the deficit, a key selling point for Democrats.
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