New CBO Score Claims Greater Deficit Reduction from Health Reform

According to the Congressional Budget Office (CBO), in a preliminary cost estimate released today, the revised Health Care Reform bill -- H.R. 4872, the Reconciliation Act of 2010 -- would cost $940 billion over 10 years and cut the federal deficit over the next two decades. If enacted it will reduce the deficit by about $130 billion in the first 10 years and by $1.2 trillion over the second 10 years. Reform also will expand coverage to 95 percent of Americans, according to the CBO figures. To read the full CBO report, click here.