Public Option reduces deficit

The Congressional Budget Office (CBO) projects that the House Democrat's health care plan that includes a pubic option would cost $871 billion over 10 years and reduce the deficit.

This comes under the $900 billion cap imposed by President Obama and significantly less then the House bill passed by three committees during the summer, which had a $1.1 trillion price tag. The public option is favored by Speaker Pelosi who needs 218 votes to pass this version on the house floor. Some in the House, identified as "blue dog" Democrats, oppose the bill, who argue for direct reimbursement to doctors and hospitals .

I agree with the house bill, which maintains the public option and ultimately reduces the deficit. This bill also stays within the cap of $900 billon set by President Obama and is well below the "price tag" of 1.1 trillion set by committees this past summer. House votes are forthcoming now that the CBO finds that it reduces the deficit in the first 10 years.

CBO finds Dem bill with public option reduces deficit - CNN.com