Health Reform to Slash Deficit By $1.3 Trillion over 20 Years
by Jonathan Singer, Thu Mar 18, 2010 at 11:00:51 AM EDT
Ezra Klein has the details:
According to a Democratic source, CBO has finished its work and will release the official preliminary score later today. But here are the basic numbers: The bill will cost $940 billion over the first 10 years and reduce the deficit by $130 billion during that period. In the second 10 years -- so, 2020 to 2029 -- it will reduce the deficit by $1.2 trillion. The legislation will cover 32 million Americans, or 95 percent of the legal population.
To put this in context, that's more deficit reduction than either the House or Senate bill, and more coverage than the Senate bill.
It will be worth digging into these numbers once the full CBO score is released to see, for instance, if it is still the case that roughly half of the the 32 million newly insured Americans under this legislation will be receiving coverage through a government program (Medicaid or CHIP), as well as exactly what aspects of the House legislation have been incorporated into the reconciliation package. But if these numbers are borne out, they would certainly seem to keep Congress on track to sending a final bill to the President's desk this weekend.