October 21, 2009
Posted: October 21st, 2009 08:14 AM ET
From CNN Congressional Producer Deirdre Walsh
Nancy Pelosi, right, here with Harry Reid, proposes a 'more robust' public option. The CBO analyzed the plan.
WASHINGTON (CNN) – A preliminary estimate from the Congressional Budget Office projects that the House Democrats' health care plan that includes a public option would cost $871 billion over 10 years, according to two Democratic sources. CBO also found that the Democrats' bill reduces the deficit in the first 10 years. This new CBO estimate, which aides caution is not final, is significantly less than the $1.1 trillion price tag of the original House bill that passed out of three committees this summer. More importantly, it comes under the $900 billion cap set by President Obama in his joint address to Congress last month. CBO analyzed what House Speaker Nancy Pelosi calls a "more robust" public option - one that ties reimbursement rates for doctors to current Medicare rates, plus a 5 percent increase. Filed under: House
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