Brian Beutler reports on the CBO’s analysis of Reid’s health care bill:
The health care bill–which includes an opt-out public option–will require $849 billion over 10 years in new spending, to be paid for with cuts to Medicare, while reducing the deficit by $127 billion.
In that time it will extend coverage to 31 million Americans–94 percent of citizens will be covered by 2019.
CBO projects that from 2020-2029 the bill would achieve around $650 billion in deficit reduction. My prediction is that the very same centrist Democrats most likely to whine about the deficit will also be most hesitant to vote for the bill. Just saying.
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