Senate Democrats unveil $849B health bill
CNN reports : Senate Majority Leader Harry Reid unveiled a sweeping health care bill yesterday that would expand health insurance coverage to 30 million more Americans at an estimated cost of $849 billion over 10 years. Reid and other Senate Democrats cited an analysis by the nonpartisan Congressional Budget Office for the coverage and cost figures. The CBO estimates the proposal would reduce the federal deficit by $130 billion over the next 10 years, through 2019. Any effect on the deficit in the following decade would be "subject to substantial uncertainty," but probably would result in "small reductions in federal budget deficits," according to the CBO. According to Reid, the savings will be substantial. "We're not going to add a dime to the deficit, in fact, quite the opposite," Reid said. "We'll cut the problems we have with money around here by as much as three-quarters of a trillion dollars." President Obama hailed what he called a...