New CBO estimates
|November 23, 2009||Posted by ITUP under Blog||
The Congressional Budget Office (CBO) released some updated numbers form both the House and Senate legislation this weekend in time for the Motion to Proceed vote held on Saturday.
The CBO and JCT revised the federal deficit reduction estimate as a result of the Community Living Assistance Services and Supports (CLASS) program, reducing an additional $29 billion over the 2010-2019 window. The House bill now reduces the federal deficit in total by $138 billion over 10 years, and you can read their reasoning here.
The CBO and JCT released new estimates for how much a four-person family would pay for premiums under the bill, and you can read the letter here. Jonathan Gruber has already responded to the letter, finding that the Senate bill reduces the cost of the family plan by 25% in the non-group market than would otherwise be paid without reform.