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New Reports on Senate Finance Committee Health Care Reform Bill

October 8, 2009

Chairman Baucus’ (D-MT) case was strengthened yesterday as the nonpartisan Congressional Budget Office and Joint Committee on Taxation scored the Senate Finance Committee’s plan for Health Care Reform with a relatively low price tag and strong cost-saving marks.

  • The legislation is slated to cost $829 billion while reducing the national budget by $81 billion over 10 years.  This means that the provisions in the bill will cost $829 billion over the years they are in effect, but with cost savings and other revenue generating provisions in the bill, the net effect decreases the budget by $81 billion.
  • The score includes remarks about reducing the amount of uninsured Americans by 29 million people.

The Chairman will try to use these favorable numbers to shore up remaining skeptical committee members’ votes.  The Senators will vote Tuesday, October 13th on recommending the bill out of committee.

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