The Congressional Budget Office has released it’s estimate for the latest version of ObamaCare:
The Democratic health care bill would cost $940 billion over 10 years and cut the federal deficit over the next two decades – figures that should help ease the worries of fiscal hawks who have been reluctant about supporting the sweeping measure.
The bill would reduce the deficit by about $130 billion in the first 10 years, and by $1.2 trillion over the second 10 years. It will expand coverage to 95 percent of Americans, according to Congressional Budget Office figures released Thursday by House Democrats.
The numbers allow Democrats to push ahead with a vote Sunday, even as Speaker Nancy Pelosi (D-Calif.) continues to search for the 216 votes needed for passage.
“We’re on track for a Sunday vote,” Majority Leader Steny Hoyer (D-Md.) told reporters.
Of course, if you believe that these numbers are even close to what the actual cost of this program is going to be, or that the deficit savings are anything but mythical, I’ve got a bridge to sell you.
But, this means the process moves forward. The next step will be to see what the House Rules Committee decides to do.
Update: Here’s the official estimate: