CBO: Baucus bill shaves deficit by $81 billion
October 8, 2009 by MassDevice staff
Healthcare reform legislation out of the Senate Finance Committee would pare $81 billion over 10 years from the federal deficit, according to a preliminary estimate from the Congressional Budget Office; finance panel set to vote Oct. 13; reform proponents eye key on-the-fence votes.
The Senate Finance Committee's healthcare reform bill would cut the federal deficit by $81 billion over 10 years, according to the Congressional Budget Office, which also said the deficit tripled to $1.4 trillion this year.
But the CBO's estimate, which puts the total cost of the finance panel's bill at $829 billion, is "preliminary" and "significant changes" could be in store once it has a chance to review the full text of the bill, the Bloomberg news service reported.
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