CBO To Report Savings Figures
The CBO will report new health care legislation would cut the federal budget deficit by $130B over the its first decade and by $1.2T over the second decade, according to a senior House Dem aide.
The CBO report, to be released today, will project the bill will cost $940B over the decade, and that it will be fully paid for. The bill would reduce annual growth in Medicare expenditures by 1.4% per year, extending Medicare's life by 9 years.
The news is a boost for Dems searching for the 216 votes they need to pass a reform package. Several wavering members of Congress have said they are concerned about cost containment; now, armed with the CBO's rosy projections, Dem leadership could win over several members who voted against the bill the first time around.
The bill is now headed to the House Rules Committee, where Dems will finalize their options for moving forward. Floor action is expected on Sunday, 72 hours after the bill gets posted online.
Already, several members who voted against the legislation the first time around have said they will announce their decisions today. Dem strategists are optimistic any members who make their stands public today, on the heels of the CBO score, are likely to help them pick up momentum.
"the bill will cost $940B over the decade, and that it will be fully paid for"
Got it Republicans?
See, this is how we Dems do business.
Biggest deficit reduction program since Clinton.
Fully-paid for = no debt, no deficit, zippo, nada, zero, none.
Mkay? Thxbye see you in November.
Great news! Get this thing passed, will you please?
Peg
Read again pals dems math is ummm "fuzzy"
10 year profits are accounted for but only 6 years of expense are accounted for... try getting a loan at a bank on 10 years of income but only show 6 years of debt
The only people who would buy into this idiocy are the dupes who bought the hope and change nonsense in the first place. And for what? So your token president can stick his chin in the air and feel important again.
Go ahead and pass it. You really think the majority in the country is going to sit around and take this?
Yeah, the majority in the country will be taking the health care. Yes, I really think that.
"The only people who would buy into this idiocy are the dupes who bought the hope and change nonsense in the first place."
Yup. Us dupes. All 365 electoral college votes' worth.
Why do Republicans hate democracy?
Why do Republicans hate America?