Democrats “Giddy” Over $940 Billion HC Projection

Alleged savings come only if they can do what has never been succesfully done before: cut a half a trillion dollars out of Medicare.

Clyburn described he and his fellow Dems as “giddy”.

The Hill:

Health reform legislation headed for a House vote will cost $940 billion over the next decade, according to the CBO.

The non-partisan Congressional Budget Office (CBO) told lawmakers that the health bill would cut the deficit by $130 billion over the next decade, and $1.2 trillion in the second decade of the plan’s implementation.

The bill is more expensive than the healthcare measures passed by both the House and the Senate last year, though the CBO said that the current bill would make larger reductions in the deficit.

The House is expected to vote on the Senate healthcare bill and a package of changes to that legislation that would then be considered by the Senate.

The bill that passed the Senate was said to cost $875 billion in the first 10 years by the CBO, and was projected to reduce the deficit by $118 billion.

The release of the CBO score sets into motion a 72-hour endgame on healthcare that could mean a vote in the House on the package as early as Sunday morning.