CBO: Finance Committee Health Bill Subsidizes Health Insurance for Americans Up to 400% of Poverty Level But Still Reduces Deficit by $81 Billion

(CNSNews.com) – A “preliminary analysis” of the health care bill in the Senate Finance Committee by the Congressional Budget Office (CBO) shows that while the plan would subsidize the purchase of health insurance for people making up to 400 percent of the federal poverty level, the plan would also reduce the federal deficit by $81 billion over 10 years through tax increases, financial penalties, and savings apparently inherent in the plan’s design.

However, the CBO also stated that its preliminary analysis “does not constitute a final cost estimate” because it did not analyze the actual legislative language of the bill.