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CBO Says Baucus Bill Will Reduce Deficit by $81 Billion

By Philip Klein on 10.7.09 @ 4:25PM

The Congressional Budget Office has estimated that the Finance Committee's health care legislation would reduce the federal deficit by $81 billion over 10 years.

The CBO said the bill's cost of $829 billion would be financed by taxes and savings, and that it would cover 29 million uninsured.

Will have more, but the bottom line is that this is good news for the Democrats because they now have a bill that they can point to that, according to the official scorekeeper, is deficit neutral and costs under $900 billion. The question is what happens when this gets merged with the more liberal and costly Senate Health, Education, Labor and Pensions Committee bill.