CBO Says Senate Health Care Bill Cuts Deficit By $127B

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And it’ll achieve 94% coverage.

And it costs $849B.

CNN has more about some of the key points in the new bill…

Among other things, they’ve agreed to subsidize insurance for a family of four making up to roughly $88,000 annually, or 400 percent of the federal poverty level.

They’ve also agreed to expand Medicaid and create health insurance exchanges to make it easier for small businesses, the self-employed and the unemployed to pool resources and purchase less expensive coverage.

They also would limit total out-of-pocket expenses and prevent insurance companies from denying coverage for pre-existing conditions.

Insurers under the Democratic plans would be barred from charging higher premiums based on a person’s gender or medical history.

But can Dems avoid a filibuster?

I think so, and here’s how that could be accomplished…

Reid met Wednesday afternoon with Sens. Mary Landrieu of Louisiana, Blanche Lincoln of Arkansas and Ben Nelson of Nebraska, three moderate Democrats who have expressed concerns about the cost and scope of health care reform proposals. […]

Landrieu said she has concerns relating to the bill’s costs to small businesses and individuals. She also expressed opposition to a public health insurance option “that will undermine the private insurance market.” If that’s included in the measure, she said, “it needs to come out at some point.” […]

Nelson released a statement Wednesday noting that the likely weekend vote represents an opportunity “to commence debate and an opportunity to make changes” to improve the bill.

So the public option and the cost are the two big sticking points.

What’s new?

One last note…about the Stupak amendmentit’s being changed slightly…

Sen. John Kerry (D-Mass.), who supports abortion rights, said Reid’s new provisions would preserve the Hyde amendment while enabling people to buy insurance plans with abortion coverage on the exchange.

More as it develops…