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Repeal of U.S. healthcare law would hurt deficits-Budget Office


    WASHINGTON (Reuters) - A repeal of the U.S. healthcare law enacted last year would add to already huge federal budget deficits, the Congressional Budget Office warned on Thursday.

    In a preliminary estimate of legislation being pushed by Republicans in the House of Representatives, the CBO said that repealing the law President Barack Obama and his fellow Democrats enacted would "increase federal budget deficits over the 2012-2019 period by a total of roughly $145 billion."

    CBO also said repeal would result in 32 million fewer people having health insurance.

    (Reporting by Richard Cowan and Andy Sullivan)