CBO Report: [View All]

[Subdivisions]

HCR will save $138 Billion in first decade. $1.4 Trillion in the second decade. Will pay for itself.

http://www.cbo.gov/ftpdocs/113xx/doc11355/hr4872.pdf


March 18, 2010
Honorable Nancy Pelosi
Speaker
U.S. House of Representatives
Washington, DC 20515
Dear Madam Speaker:

The Congressional Budget Office (CBO) and the staff of the Joint Committee on
Taxation (JCT) have completed a preliminary estimate of the direct spending and revenue
effects of an amendment in the nature of a substitute to H.R. 4872, the Reconciliation Act
of 2010; that amendment (hereafter called “the reconciliation proposal”) was made public
on March 18, 2010. The estimate is presented in three ways:

 An estimate of the budgetary effects of the reconciliation proposal, in combination
with the effects of H.R. 3590, the Patient Protection and Affordable Care Act
(PPACA), as passed by the Senate;1

 An estimate of the incremental effects of the reconciliation proposal, over and
above the effects of enacting H.R. 3590 by itself;

 An estimate of the budgetary impact of the reconciliation proposal under the
assumption that H.R. 3590 is not enacted (that is, an estimate of the bill’s impact
relative to current law as of today).

Although CBO completed a preliminary review of legislative language prior to its
release, the agency has not thoroughly examined the reconciliation proposal to verify its
consistency with the previous draft. This estimate is therefore preliminary, pending a
review of the language of the reconciliation proposal, as well as further review and
refinement of the budgetary projections.

...snip...

http://www.cbo.gov/ftpdocs/113xx/doc11355/hr4872.pdf