Revised Health Overhaul Would Cost $940 Billion In First Decade : Shots - Health News The Congressional Budget Office has apparently finished tallying up the cost of health overhaul and preliminary reports put the total at $940 billion over the first decade. Over the same period, the plan would reduce the federal deficit by $130 bi...

Revised Health Overhaul Would Cost $940 Billion In First Decade

So how much is the rejiggered version of health care overhaul going to run us?

Try $940 billion over the first 10 years, according to information coming from House Democrats this morning.

The Congressional Budget Office has apparently finished tallying up the overhaul figures, though as of this moment the analysis hasn't been released publicly.

First, House Speaker Nancy Pelosi is expected to preview the CBO's findings to House Democrats. Then we should see the analysis for ourselves.

For now, here's what else we know. The revised plan would reduce the federal deficit by $130 billion over the 10 years ending in 2019. In the next decade, it would cut the deficit by $1.2 trillion.

Democrats say the plan would also help Medicare by reducing waste and keeping the whole program afloat for at least nine more years. Overhaul would also trim annual growth in Medicare spending by 1.4 percentage points per year.

Even so, a plug for the "doughnut hole" in the Medicare prescription drug coverage for seniors is still part of the package.

And finally, the plan would still extend health coverage to about 32 million American.

For comparison, recall that the CBO recently revised the tab for the Senate version of health overhaul--putting the figure at $875 billion over the first decade rather than $829 billion, as first estimated.

The administration has pledged to keep overhaul costs under $1 trillion, and the preview of the CBO estimate indicates that's still on track, even with the changes made to attract more Democrats' support.

Update: Now you can feast on the CBO score for yourself. The report is posted here.

Still more: For a slightly more accessible version of the CBO analysis, see Elmendorf's blog post here.