Thursday, November 19, 2009

Senate Health Care Debate Beginning its Final Phase

The battle to pass health care legislation has entered one of its final and most difficult phases.

Late Wednesday evening, Senate Majority Leader Harry Reid, D-Nev., unveiled the 2,074-page bill that will be debated in the Senate -- one of the biggest and most expensive bills to ever come to Congress. The health care bill, put together solely by Democrats, will cost $849 billion over 10 years and cover 31 million Americans who are currently uninsured.

The plan would cut the federal deficit by $127 billion in its first decade, more than any other bill, according to the CBO. It would cut the budget deficit by as much as $650 billion in the second decade.

Read the full CBO report.

SOURCE: ABC News