The House leaders made an announcement about the healthcare reform legislation, citing a forthcoming report from the Congressional Budget Office (CBO).

The healthcare reform bill, with House “fixes,” will reduce the federal budget deficit by $130 billion in the first 10 years and $1.2 trillion in the second 10, according to House leaders.

For many conservatives in the caucus, the biggest obstacle was the overall cost of the healthcare reform bill, and claims that it would significantly expand the reach of government into one-sixth of the economy. 

The CBO, in its forthcoming report, sets the 10-year cost of the healthcare reform bill at $940 billion, but with offsets and cost savings higher than expected.

Source : CBO

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