CBO puts $829 Billion Price Tag on Health Care Reform

The Congressional Budget Office (CBO) put a $829 billion price tag on the Senate Committee's version of health care reform Wednesday, but it said it meets the White House objective of cutting the federal budget deficit by $81 billion by the year 2019.In a letter to Senate Finance Committee Chairman Max Baucus, D-Mont., the prime sponsor or the bill, CBO said the $829 billion cost would be spread over 10 years and warned it does not predict fiscal outcomes beyond a 10-year period.CBO said the bill expands coverage to 94% of U.S. citizens by 2019 – up from the current 83%.Despite a fai...