The Senate health care bill bill being presented by Harry Reid to Democrats today will cost $849 billion over 10 years, according to an analysis by the Congressional Budget Office, several news outlets have reported. According to the reports, the CBO has also estimated that the bill would reduce deficits by $127 billion and cover 31 million uninsured Americans.
I still haven’t seen either the bill or the actual CBO report, and the devil is always in the details. In other health care bills, Democrats have used accounting tricks to disguise the true cost of legislation — such as delaying the major spending provisions. So it’s worth waiting to see what the actual CBO analysis says.
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