New CBO numbers reflect bigger savings for health care proposal

The budget deficit would be reduced by another $5 billion, according to revised numbers released by the Congressional Budget Office and the Joint Committee on Taxation on the health care legislation reconciliation language. 

The new CBO estimate estimated that enacting the Senate-passed measure (H.R. 3590) and the reconciliation package would reduce the deficit by $143 billion through 2019, up from $138 billon in CBO's first estimate released Thursday. The changes in spending come from changes in "direct spending and revenues." 

The $143 billon figure comprises $124 billion in net reductions from the health care and revenue provisions and $19 billion in net reductions from the education provisions. CBO has not completed an estimate of the potential impact of the legislation on discretionary spending, which would be subject to future appropriation action, according to a blog post by CBO Director Doug Elmendorf. 

The House is set to vote sometime between 6 p.m. and midnight Sunday, according to Democratic aides. 

For an explanation of the new numbers click here.