CBO Analysis: Health Care Bill Will Cut Deficit by $81 Billion, Cover 94% of Americans

by: Phillip Martin

Wed Oct 07, 2009 at 04:41 PM CDT

This brightened up what had certianly been a very dreary day for me. From the Washington Post:

The Congressional Budget Office rendered its verdict (pdf) on the Senate Finance Committee's bill this afternoon. In effect, the agency said the Senate Finance Committee can pass go, and can collect $200. The legislation is projected to cost $829 billion over 10 years, reduce the deficit by $81 billion and cover 94 percent of Americans. It also expects the deficit-reduction to accelerate in the second decade, cutting the total deficit by one-quarter to one-half percent of GDP.

That's about as good as the Finance Committee could've hoped for, and it means the legislation is likely to sail through committee next week. More as I read through the full score.

Hell. Yeah.

Kay Bailey Hutchison and John Cornyn want to vote against a health care bill that will reduce the deficit and cover 94% of Americans?

Please, Senators. I'd love to see you two spin that one.