Deficit
CAP: "'Pledge to America' Not as Fiscally Responsible as It Claims"
Submitted by .Sean on September 30, 2010 - 2:41pm
Politico: CBO Score on Health Care Bill "Should Help Ease the Worries of Deficit Hawks"
Submitted by .Sean on March 18, 2010 - 7:19amThe CBO analysis of the compromise health care reform legislation won't be officially released until 11am, but it's being leaked to various outlets. Politico's topline summary:
The Congressional Budget Office has determined that the health reform plan will cost $940 billion over 10 years, but will trim the federal deficit by $130 billion in the first ten years and $1.2 trillion in the second ten years, House Majority Leader Steny Hoyer said. Those deficit numbers should help ease the worries of deficit hawks on the fence about supporting the bill.
According to Marc Ambinder, "the CBO says that the bill would reduce Medicare expenditures by about 1.4% per year, extending the solvency of the program by nine years. 32 million Americans will be covered -- about 95% of all those eligible."
