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CBO: Health Care Bill Costs $940B, Lowers Deficit $130B

and the loser is... (photo: scmikeburton)

The long-awaited CBO scores on the health care bill are out, though they haven’t showed up at the CBO’s website yet. The Hill describes them:

The comprehensive health reform legislation will cost $940 billion over the next decade, the Congressional Budget Office (CBO) said Thursday.

The nonpartisan budget office told lawmakers that the health bill set for a vote this weekend would cut the deficit by $130 billion over the next decade, and $1.2 trillion in the second decade of the plan’s implementation.

That would certainly satisfy the requirements of reconciliation. Previously the bill cut the deficit by $118 billion in the first ten years and around $1 trillion in the next ten.

With this release, the House can then vote on the bill within 72 hours, as per their pledge to post the text and the CBO analysis in that period of time before a vote.

More when I have it.

UPDATE: Ezra Klein says the coverage estimates have been revised upwards, to 32 million more Americans covered by 2019.

UPDATE II: A Democratic source tells me that the text and CBO analysis won’t get online for a couple hours yet. But one more piece of the puzzle: the bill extends the solvency of Medicare by 9 years, and reduces the growth of Medicare expenditures in the 10-year budget window by 1.4 percentage points.

CommunityThe Bullpen

CBO: Health Care Bill Costs $940B, Lowers Deficit $130B

The long awaited CBO scores on the health care bill are out, though they haven’t showed up at the CBO’s website yet. The Hill describes them:

The comprehensive health reform legislation will cost $940 billion over the next decade, the Congressional Budget Office (CBO) said Thursday.

The nonpartisan budget office told lawmakers that the health bill set for a vote this weekend would cut the deficit by $130 billion over the next decade, and $1.2 trillion in the second decade of the plan’s implementation.

That would certainly satisfy the requirements of reconciliation. Previously the bill cut the deficit by $118 billion in the first ten years and around $1 trillion in the next ten.

With this release, the House can then vote on the bill within 72 hours, as per their pledge to post the text and the CBO analysis in that period of time before a vote.

More when I have it.

UPDATE: Ezra Klein says the coverage estimates have been revised upwards, to 32 million more Americans covered by 2019.

UPDATE II: A Democratic source tells me that the text and CBO analysis won’t get online for a couple hours yet. But one more piece of the puzzle: the bill extends the solvency of Medicare by 9 years, and reduces the growth of Medicare expenditures in the 10-year budget window by 1.4 percentage points.

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David Dayen

David Dayen