March 22nd, 2010
06:18 AM ET
5 years ago

Health care reform and deficits: A reality check

Washington (CNNMoney.com) - The momentous vote the House took on Sunday made far-reaching changes to the American health care system.

When enacted, it will extend coverage to 32 million more people. It will protect policyholders from being bounced for pre-existing illnesses. It will expand Medicare prescription drug coverage and offer subsidies to help people pay for insurance.

The expansion of coverage isn't cheap. According to a preliminary estimate by the Congressional Budget Office, the legislation would cost $940 billion over the course of a decade. Offsetting provisions would reduce deficits by $143 billion in the first 10 years and by more than $1 trillion in the following decade.

But the economic mechanics of health care reform are exceedingly complex. Does the legislation do enough to protect the budget?

CNNMoney asked a panel of fiscal experts to size up the legislation from a budget perspective.

Full story on CNNMoney.com


Filed under: CNNMoney.com • Health care • national debt
soundoff (One Response)
  1. patricia cash

    It still has to go back to the Senate .hope it passes Reid saids it will but anything can happen.

    March 22, 2010 08:38 am at 8:38 am |