March 18th, 2010
10:20 AM ET
13 years ago

Sources: CBO estimates health care bill at $940 billion

Washington (CNN) - The non-partisan Congressional Budget Office estimates that the Democrats' revised health care bill will cost $940 billion over the next 10 years, two House Democratic sources told CNN Thursday.

The bill cuts the deficit by $130 billion during that period of time, according to the sources, and would reduce the deficit by another $1.2 trillion in the following decade.

The measure extends health insurance coverage to 32 million Americans, helping to guarantee that 95 percent of Americans will be covered, the sources said. It also reduces Medicare expenditures by 1.4 percent annually while extending Medicare's solvency by at least 9 years, they added.

Rep. Henry Waxman, D-California, told CNN that the CBO estimates are "better than expected."

Waxman said that many of the remaining undecided House Democrats have been concerned about the bill's impact on future federal deficits.

The CBO estimates "will go a long way to get them to feel comfortable with the legislation," he predicted.

GOP leaders said the new CBO estimates had not changed their opinion of the bill, which they vehemently oppose.

The Democrats are "still going to spend a trillion dollars to impose government health care on the American people," said House Minority Leader John Boehner, R-Ohio.

"It's not too late for the American people to continue to speak up," he said. "They need to yell a little louder and we can stop this."

The health care bill passed by the Senate in December would cost $875 billion over the next decade while reducing federal deficits by $118 billion, according to the CBO.

Democrats have been making a series of changes to the Senate bill in recent weeks in part to make the measure more acceptable to House liberals.

–CNN's Ted Barrett, Dana Bash, Brianna Keilar, and Alan Silverleib contributed to this report

(This story was updated at 10:20 a.m. EST with additional information)

soundoff (131 Responses)
  1. mjd

    how is this imposing gov't healthcare on us mr. boehner. there is no public option in this legislation. by the way isn't medicare govt healthcare. boehner is such a mindless boob.

    March 18, 2010 11:55 am at 11:55 am |
  2. kpAT

    Welcome to Socialism,..... the problem with this and what will follow, is that eventually you run out of other people's money to spend.... We will be reduced ( as a country) to subsidizing the lowest common denominator. Much like traffic on a single lane highway.....

    March 18, 2010 11:55 am at 11:55 am |
  3. kingsley

    This once again demonstrate the lies the republican party has put forward in thier effort to derail this bill, unfortunately the losers are the working class americans who will continue to suffer with the rise of health care and the increments that will take place with employers in due time. This is the issue of protecting the insurance companies who are currently making billions of dollars in profit while denying coverages to americans with pre existing condition. Shame on those who continuosly protect the interest of these companies who are heavily involved in thier campaign finances. please tell the american people the truth and stop scaring seniors about government take overs. Its funny how the republicans love to use these inflamatory phrases. Pass the bill.

    March 18, 2010 11:57 am at 11:57 am |
  4. David

    Wow, went from 850 to 940. This thing just keeps getting worse. No wonder there is no transparancy and all this backroom and airplane dealing. Once again, it's what these people want and not what the majority of the public wants. Soon, very soon, the citizens are going to have to take this republic back.

    March 18, 2010 11:58 am at 11:58 am |
  5. Carl Justus

    The health bill cuts the deficit, the very thing the republians do not want under a democratic administration.

    The democrats and Clinton cut the deficit, balanced the budget and even left the intellectual challenged guy from Texas a surplus which he and the republicans wasted before his first year was out and was borrowing 1.8 billion dollars for every day Bush was in office.

    March 18, 2010 12:00 pm at 12:00 pm |

    Has this estimate come from the CBO directly yet, or just from "Democratic sources". I wouldnt believe it just yet

    March 18, 2010 12:00 pm at 12:00 pm |
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