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Posted: 11:36 AM Mar 18, 2010
Congressional Budget Office Estimates Cost of Health Care Bill
Congressional Budget Office says the health care overhaul bill would reduce deificits over the next decade.
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6 Comments 
House Speaker Nancy Pelosi is hailing the deficit reduction in the health care overhaul bill that Democrats hope to push through Congress on Sunday.
The California Democrat spoke after the nonpartisan Congressional Budget Office estimated the package would reduce budget deficits by $138 billion over the next decade. She said analysts also estimated the sweeping legislation would trim deficits by another $1.2 trillion over the decade after that.
The bill's savings have been a major concern for moderate Democrats whom party leaders are trying to persuade to vote for the legislation. The budget office estimated the bill would cost $940 billion over the next 10 years. Those costs would be more than paid for by Medicare cuts and some new taxes.
Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Latest Comments
I woiuld like to see a spreadsheet on the cost estimates year by year, item by item if this woudn't be to hard for you Congressional Budget Office employees.
Well, now that the health care bill has almost passed. It is time all Americans pass our votes on all the politicians who voted for this bill.FIRE THEM ALL!
It was Henry Kissinger who said it would be easier to lower the USA's way of living than to raise that of other countries. Since it's apparent that our votes and demands mean nothing it should be equally apparent that the USA is headed toward failure.
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