Released: Preliminary CBO Analysis of House Health Insurance Reform Bill

The Congressional Budget Office (CBO) has released its preliminary analysis of the House health insurance reform bill that Speaker Nancy Pelosi unveiled yesterday. I could recap the analysis provided in the director's summary but I think it's worth a read in its entirety. If you're brave, you can also download a copy of the formal analysis itself here. Bottom line:

According to CBO and JCT’s assessment, enacting H.R. 3962 would result in a net reduction in federal budget deficits of $104 billion over the 2010–2019 period. In the subsequent decade, the collective effect of its provisions would probably be slight reductions in federal budget deficits. Those estimates are all subject to substantial uncertainty.