The Congressional Budget Office (CBO) released a budget score of health insurance reform legislation. Based on a preliminary analysis from CBO, the legislation:
CUTS THE DEFICIT
Cuts the deficit by $138 billion in the first ten years (2010 – 2019).
Cuts the deficit by $1.2 trillion in the second ten years.
REINS IN WASTEFUL MEDICARE COSTS AND EXTENDS THE SOLVENCY OF MEDICARE; CLOSES THE PRESCRIPTION DRUG DONUT HOLE
Reduces annual growth in Medicare expenditures by 1.4 percentage points per year—while improving benefits and lowering costs for seniors.
Extends Medicare’s solvency by at least 9 years.
EXPANDS AND IMPROVES HEALTH COVERAGE FOR MIDDLE CLASS FAMILIES
Expands health insurance coverage to 32 million Americans.
Helps guarantee that 95 percent of Americans will be covered.
IS FULLY PAID FOR
The CBO score can be found at the following link: http://www.cbo.gov/ftpdocs/113xx/doc11355/hr4872.pdf