Bloomberg: Deficit May Prove Stumbling Block for U.S. Senate Health Plan

Concerns about the budget deficit may thwart efforts by Senate Democrats to pass legislation this month calling for the biggest expansion of the U.S. health-care system since the creation of Medicare in 1965.

The Senate Finance Committee, which had planned to approve its version as early as today, scrapped a vote to give the Congressional Budget Office time to complete a cost assessment. The delay threatens to dash plans by Senate Majority Leader Harry Reid to start debate in the full Senate next week after combining the measure with one from the health committee.

“CBO has a lot of work to do,” said West Virginia Senator Jay Rockefeller, one of the finance panel’s 13 Democrats. He said the panel’s vote may be delayed for at least a week. Committee Chairman Max Baucus, a Montana Democrat, said he’s still “hopeful” the CBO will deliver an estimate tomorrow.

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Posted in * Culture-Watch, * Economics, Politics, --The 2009 American Health Care Reform Debate, Budget, Economy, Health & Medicine, Politics in General, Senate, The National Deficit, The U.S. Government