WSJ NEWS ALERT: CBO Says Health Bill to Cost $940 Billion; Deficit Reduction Seen


The Congressional Budget Office has determined the latest version of the health overhaul will cost $940 billion over a decade, according to a Democratic aide. House leaders plan to unveil the final package later today.

Rep. Steny Hoyer said the health-care package will also reduce the federal deficit by more than $100 billion over its first 10 years — and more than $1 trillion in the second decade.

House Democrats have been working on a package of changes to the health bill passed by the Senate on Dec. 24.