CBO: Senate Health Care Bill $871 Billion, Cuts Deficit

Washington – The revised healthcare overhaul in the Senate would cut the federal deficit by $132 billion over 10 years, non-partisan budget analysts said on Saturday.

The Congressional Budget Office also said the bill as revised by Senate Democratic leader Harry Reid would have coverage costs of $871 billion over 10 years.

Both figures meet President Barack Obama’s goal of cutting the deficit and having a total cost of about $900 billion over 10 years. The rosy report card could help the proposal gain support.

(Reporting by John Whitesides, editing by Eric Beech)

Read the full CBO report here.