Senate Bill Would Reduce Deficit by $1.4 Trillion
by Jonathan Singer, Sat Dec 19, 2009 at 07:17:36 AM EST
The CBO score (.pdf) of the manager's amendment to the Senate healthcare reform bill is out, and according to the document, "Relative to the legislation as originally proposed, the expected reduction in deficits during the 2020-2029 period is larger for the legislation incorporating the manager's amendment."
To put that in plain English, I turned to a source close to the Senate leadership, who explained to me that deficit reduction in the second decade of the healthcare reform legislation now before the Senate would amount to $1.3 trillion, in addition to the $132 billion reduction in the deficit during the first decade of the bill. That's right, the Senate healthcare reform bill would reduce the deficit by more than $1.4 trillion over 20 years.
More as we hear it...