CBO: Health Care Bill Reduces Deficit $1.3 Trillion Over 20 Years

While conservatives love to talk down the numbers from the Congressional Budget Office whenever it doesn’t suit their agenda, the numbers on the health care bill are encouraging.

The bill will cost $940 billion over the first 10 years and reduce the deficit by $130 billion during that period. In the second 10 years — so, 2020 to 2029 — it will reduce the deficit by $1.2 trillion. The legislation will cover 32 million Americans, or 95 percent of the legal population.

To put this in context, that’s more deficit reduction than either the House or Senate bill, and more coverage than the Senate bill.

Get ready for the right-wing spin.

By: Alan

Alan Colmes is the publisher of Liberaland.