The New York Times is carrying a story today saying the proposed Congressional Health bill will cut the U.S. deficit by $100 Billion over 10 Years. The information comes form House of Representatives Majority Leader, citing a report from the Congressional Budget Office.
Synopsis: The proposed final health care legislation would cut the
federal deficit by more than $100 billion over the first 10
years, House Majority Leader Steny H. Hoyer said on Thursday,
citing a finding by the Congressional Budget Office that is
expected to be released on Thursday. The office found that
the overhaul would cut the deficit by more than $1 trillion
over the subsequent decade, Mr. Hoyer said.
For the full report, see: http://www.nytimes.com/2010/03/18/health/policy/18health.html?hp There is also a link there to the CBO report.
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