CBO on Health Deal

The Congressional Budget Office is out with its budget analysis of the updated Democratic health bill, which says the plan would reduce the federal deficit over the first ten years by $132 billion.

Critics will argue that's because the bill simply brings in more tax revenues, and they certainly have a point:  $498 billion in revenues would come in, as opposed to a $366 billion increase in outlays.

The number of uninsured would go down by about 31 million people, a coverage rate of 94% overall.

Read the CBO review at http://cboblog.cbo.gov/?p=446 and tell me what you think.

The overall cost of the bill is pegged at $871 billion, up from $848.   Republicans though argue that is a misguided figure, since most of the bill doesn't go into effect until 2014.