Healthcare:CBO: Senate Health Bill Won’t Reduce Deficits Quite as Much

Posted by admin
December 21, 2009

CBO Director Doug Elmendorf wrote in a letter to Senate Majority Leader Harry Reid that while the correction has no bearing on estimates for the impact of the bill over the next decade, it does slightly reduce the amount of money the plan is expected to save for the 2020-2029 period.

The original estimate said the health care overhaul would yield deficit reductions worth about one-half percent of GDP — the revision put that figure between one-quarter and one-half percent.

Read the whole story at Fox News

Healthcare

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