WASHINGTON — President Barack Obama told the nation Saturday his health-care overhaul is financially sound, but a new analysis by congressional budget experts of emerging House legislation said it would increase deficits by $239 billion over a decade.
“I want to be very clear: I will not sign on to any health plan that adds to our deficits over the next decade,” Obama said in his weekly address. “And by helping improve quality and efficiency, the reforms we make will help bring our deficits under control in the long-term.”
The president’s remarks were released late Friday, a few hours before an update by the Congressional Budget Office said the overall cost of the House bill would “result in a net increase in the federal budget deficit of $239 billion over the 2010-2019 period.”
The Associated Press
