Senate health bill would cut $130B in federal deficits over a decade, budget office says

Senate health bill would cut $130B in federal deficits over a decade, budget office says; AP

The nonpartisan Congressional Budget Office said that Majority Leader Harry Reid's 10-year, $848-billion bill would produce a net reduction of $130 billion in federal deficits in its first decade. Perhaps more significantly, the legislation would continue to give back over the next 10 years and beyond, the budget umpires said, because "added revenues and cost savings would probably be greater" than the cost of covering uninsured Americans.

The budget office put a big asterisk on its forecast, using words like "imprecision" and "uncertainty" to describe the long-range projection. It noted that, overall, health care spending remains on an unsustainable path.

Comment: I love that word "nonpartisan." Sure, a nonpartisan group of any kind is impossible in Washington. Anyway, I had to laugh when I read this headline.