The Congressional Budget Office today released its analysis of the Senate Finance Committee's amended health care bill. The nonpartisan CBO estimated that the bill would cost $829 billion and reduce the federal deficit by $81 billion over the next 10 years. The CBO also reported that 94 percent of eligible Americans could be expected to obtain coverage under the measure, up from the current 83 percent.
The report clears the way for the Finance Committee, chaired by Sen. Max Baucus, D-Mont., to take a final vote on the plan, probably later this week.
Reaction to the CBO analysis split along party lines. "The report, I think, is quite promising," Baucus said. Added Senate Majority Leader Harry Reid, D-Nev., "We are closer than ever before to delivering Americans access to quality, affordable health care in a fiscally responsible way."
Sen. Lamar Alexander, R-Tenn., said the CBO report is "an estimate of a concept, not a formal cost analysis of an actual bill" and that a formal bill text is needed "before we begin a lengthy debate about whether it's the right direction for our country."
What do you think? Read the text of the CBO analysis of the America's Health Future Act as amended (PDF).
You can read the full text of the Finance Committee's health care bill here (PDF).