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CBO Estimate: Senate Health Bill Costs $849B

Figure clears the way for Reid to get measure rolling

By the Associated Press

Posted Nov 18, 2009 4:09 PM CST

(AP) – Legislation headed to the Senate floor would extend health care coverage to 31 million uninsured Americans at a cost of $849 billion over a decade, says a senior Democratic aide. The long-awaited figures come from the Congressional Budget Office, clearing the way for Harry Reid to move forward. The bill would cut the federal deficit by $127 billion over that decade, says the CBO estimate.

Debate is expected to begin on the measure this week. The bill would set up new insurance marketplaces—called exchanges—primarily for those who now have a hard time getting or keeping coverage. Subsidies would be available to help defray the cost of coverage for people with lower incomes. Reid has said it would also include a public option, with states permitted to drop out of the system.

Harry Reid is working toward 60 votes.
Harry Reid is working toward 60 votes.   (AP Photo/Harry Hamburg, FILE)
Senate Majority Leader Harry Reid.
Senate Majority Leader Harry Reid.   (AP Photo/Harry Hamburg)
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COMMENTS
Showing 3 of 18 comments
dub1989
Nov 19, 2009 12:55 PM CST
Even with Obama attempting to repair the economy, it is still going to take years to return to normal, as well as unemployment rates, regardless of who had been elected last year or who will be elected in the next elections.
thudson
Nov 19, 2009 4:10 AM CST
@ timinator - come on - a majority of the country voted for obama. he's done a lot of things that make perfect sense considering his political views and beliefs. you can't possibly be so surprised about an outcome that is nothing if not perfectly in line with what his whole presidential campaign was about? (ps - I KNOW YOU DON'T AGREE WITH HIS POLICIES) for the record, i think he's doing a great job.
Rocket448
Nov 19, 2009 2:46 AM CST
You're demonstrating the Dunning-Kruger effect, again, Tim.

Copyright 2012 Newser, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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