Baucus bill would reduce deficit by $81 billion over the next decade.

The Congressional Budget Office reports that the Senate Finance Committee’s health reform bill would cost approximately $829 billion over 10 years, well below President Obama’s target of $900 billion. The bill, sponsored by Chairman Max Baucus (D-MT), will not expand the deficit; instead, it is projected to reduce it by $81 billion over the next decade. “Health reform should be fiscally responsible as it expands and improves coverage and these numbers reiterate that real reform can be just that,” Baucus said in a statement. The Wonk Room’s Igor Volsky has produced a helpful chart breaking down the costs of the Baucus bill before and after it was amended:

	Old CBO Score Of Baucus Bill	New CBO Score Of Baucus Bill
Costs	Reduce deficits: $49B/10yrs Net Cost: $500B/10yrs Gross cost: $774B/10yrs Spends on subsidies: $463B/10yrs	Reduce deficits: $81B/10yrs Net Cost: $518B/10yrs Gross cost: $829B/10yrs Spends on subsidies: $461B/10yrs
Insured	Uninsured reduced by: 29M Uninsured in 2019: 25M In Exchanges: 25M In Medicaid: 11M	Uninsured reduced by: 29M Uninsured in 2019: 25M In Exchanges: 23M In Medicaid: 14M
Revenue	Tax high cost plans: $215B/10yrs Mandate penalty: $20B/10yrs Free rider penalty: $27B/10yrs Indirect offsets: $12B/10yrs	Tax high cost plans: $201B/10yrs Mandate penalty: $4B/10yrs Free rider penalty: $23B/10yrs Indirect offsets: $83B/10yrs
Medicare and Medicaid	Total savings: 409B/10yrs Payment updates: $182B/10yrs Medicare Advantage: $123B/10yrs DISH Payments: $48B/10yrs Medicare Commission: $23B/10yrs	Total savings: 404B/10yrs Payment updates: $162B/10yrs Medicare Advantage: $117B/10yrs DISH Payments: $45B/10yrs Medicare Commission: $22B/10yrs

Despite the fact that the Baucus bill addresses the conservative criticism of limiting government spending, Sen. Lindsey Graham (R-SC) reacted on Fox News by dismissing the CBO analysis. “If I were the President, I would basically start over,” Graham told Neil Cavuto.