CBO Reviews Finance Committee Health Bill

The Congressional Budget Office (CBO) gave a boost to the Senate Finance Committee's America’s Healthy Future Act of 2009, and have reported that in its current form the bill will not increase the federal deficit, but would actually reduce it by $81 billion over the next 10 years and these savings would continue into the future.

However, a major caveat to the CBO's report is the fact that the bill has not yet been formatted into legislative language. The estimates made by the CBO may change when this occurs.

The Finance Committee is expected to vote and approve the act this week. Once it is approved it will be merged by Senate Majority Leader Harry Reid with legislation passed early this summer by the Senate Committee on Health, Education, Labor and Pensions and brought to the Senate floor for debate.

To read the CBO's letter to Chairman Baucaus and the Senate Finance Committee, click here.

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