CBO: House Health Care Bill Would Increase The Federal Deficit

Politico reports that "the nonpartisan Congressional Budget Office dealt another blow to House Democrats on Friday night, saying their health care bill would increase the federal deficit by $239 billion over the next 10 years. The projected shortfall means Democrats would need to find additional revenue or make deeper cuts to existing programs in order to meet their goal of paying for the $1 trillion bill. But those projections don't account for a $245 billion reduction in the deficit this legislation would create, if Democrats can also approve new balanced budget rules that would permanently address an annual shortfall in Medicare payments to physicians Democrats may also defend the cost of their bill by pointing out that in the long run, under new accounting rules, the bill would generate a $6 billion surplus."
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