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SENATE-PASSED HEALTH CARE BILL WOULD CUT DEFICIT, Associated Press, March 11, 2010

Richard Kigel · Friday, March 12th 2010 at 11:20AM · 284 views
ANOTHER OF THE MANY MYTHS SURROUNDING HEALTH CARE REFORM IS THAT IT IS A MASSIVE SPENDING BILL THAT WOULD BANKRUPT THE COUNTRY. WRONG!


WASHINGTON -- Congressional budget referees say Senate legislation that's now the foundation for President Barack Obama's health care plan would cut the federal deficit by $118 billion over 10 years.

The Congressional Budget Office says the $875 billion, 10-year plan would provide coverage to 31 million people who'd otherwise be uninsured. And it says the cost would be more than offset in savings from changes in Medicare and other programs.

Obama's plan would build on the legislation passed by the Senate on Christmas Eve, by expanding subsidies for health insurance premiums, closing the Medicare prescription coverage gap, and making scores of other changes.

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Richard Kigel Staten Island, NY

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Comments (1)

ROBINSON IRMA Thursday, April 10th 2014 at 6:47PM

Rich, I can not wait until next week this time. lol......actually I see the GOP is already trying to back track. (smile)

right now, I just want this bill passed by any means necessary...the new and improved Congress will "I" believe be better to put the minor and major details into the bill maybe after the elections in 2012....YES WE CAN...

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