Thursday, March 18, 2010

CBO Numbers: Good News for Democrats

The nonpartisan Congressional Budget Office has released preliminary numbers regarding the Senate healthcare bill with reconciliation fixes. The CBO analysis is good news for Democrats.

According to the CBO preliminary numbers (a final report is forthcoming):
The bill will cost $940 billion over the first 10 years and reduce the deficit by $130 billion during that period. In the second 10 years -- so, 2020 to 2029 -- it will reduce the deficit by $1.2 trillion. The legislation will cover 32 million Americans, or 95 percent of the legal population.
The CBO preliminary release has given Democrats needed momentum. Republicans, however, are scrambling to dismiss the numbers.

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