Financial Times FT.com

CBO says Reid’s health bill would cut deficit

By Daniel Dombey and Tom Braithwaite in Washington

Published: November 19 2009 00:56 | Last updated: November 19 2009 01:41

The Obama administration’s push for a wide-ranging reform of the US health system received a boost on Wednesday when the non-partisan Congressional Budget Office said the latest legislative proposals would reduce the federal deficit.

Leading Senate Democrats announced that a preliminary CBO study of legislation proposed by Harry Reid, Senate majority leader, calculated that the bill would cost $849bn (€567.5bn, £505bn) and would reduce the federal budget deficit by $127bn in the first 10 years even as it extended coverage to 31m uninsured Americans.

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