Reid presenting $849 billion health bill to Dem. caucus, cuts deficit by $127 billion over 10 years

The Senate Majority Leader, Harry Reid, is meeting with the Senate Democratic caucus to present the health insurance reform bill that should proceed to the Senate floor. Sam Stein has the very early report on the bill:

A preliminary analysis of the Senate health care legislation has the bill costing $849 billion over the next decade while covering 94 percent of eligible Americans, a senior Democratic aide told reporters on Wednesday afternoon.

In addition, Reid’s office reports that his bill would “cut the budget deficit by $127 billion over the next 10 years.”

Reid needs all 60 Democrats on board to move the bill forward — a move that should happen within days. Ben Nelson (D-NE), one of the most conservative Democrats is sending signals that he’s ready to vote for that. Then, the real work — and the real games begin.

Once more details become available on Reid’s bill, we’ll post them.

On October 27, 2010, Joe was one of five bloggers who interviewed President Obama. Joe is a DC-based political consultant with over twenty-five years of experience at both the state and federal level. Joe has managed political operations and legislative efforts for both candidates and issues-based organizations. For seven years, he was the Director of State Legislation at Handgun Control, Inc. He served as that organization's first Political Director during the 2000 cycle. Joe is a graduate of the University of Maine School of Law. In addition, he has a Masters in Public Administration from Lehigh University and received his B.A. from the University of New Hampshire. Joe also has a fun dog, Petey, a worthy successor to Boomer, who got Joe through eight years of Bush and Cheney. Joe likes to think he is a world class athlete having finished the 2005 Chicago Marathon in the time of 4:10. He has completed six other marathons as well -- and is still determined to break the four hour mark.

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