The health care reform bill that was recently introduced by the U.S. House of Representatives “would result in a net reduction in federal budget deficits of $104 billion over the 2010–2019 period” if enacted, the Director’s blog at the Congressional Budget Office says.
The blog post reads, in part:

The estimate includes a projected net cost of $894 billion over 10 years for the proposed expansions in insurance coverage. That net cost itself reflects a gross total of $1,055 billion in subsidies provided through the exchanges (and related spending), increased net outlays for Medicaid and the Children’s Health Insurance Program (CHIP), and tax credits for small employers; those costs are partly offset by $167 billion in collections of penalties paid by individuals and employers. On balance, other effects on revenues and outlays associated with the coverage provisions add $6 billion to their total cost.

The full text of the CBO letter to House Ways and Means Committee Chairman Charlie Rangel, D-N.Y., is posted below.

House Democrats in favor of the health care legislation will surely be using the score from the CBO to try to push the health care reform bill in the coming weeks.

CBO letter to Rep. Charlie Rangel