The passage of the health care reform bill is controversial for many reasons, but a main argument among critics is that it will cost more money than it will save. If signed into law as expected, the legislation would cost about $938 billion dollars. But, the Congressional Budget Office has said the bill will reduce federal deficits by an estimated $138 billion dollars in the next decade. We hear from one critic, Douglas Holtz-Eakin, former director of the Congressional Budget Office and former economic advisor for Sen. John McCain when he was the Republican presidential candidate.
Yesterday, the non-partisan Congressional Budget Office delivered their report detailing the financial impact the Senate's proposed health care reform bill will have on the average American. The long-anticipated report finds the bill will cost less than its detractors anticipated, but it also says the bill won't bring the dramatic cost drops supporters hope for.
We're joined by Takeaway listener Melanie, who has some concerns about health care reform, and our own Todd Zwillich, who explains the ins and outs of the report.