US House to vote on health care reform bill

The US House of Representatives Sunday would vote to overhaul health care system. During an address in this regard in Washington, Obama urged the US lawmakers to vote for the people for America. The President urged that it is time to pass the bill, which has seen decades of false starts and a year of tough negotiations. The a package of reforms is aimed at imposing new controls on the practices of insurance companies and extending coverage to more than 30 million Americans who lack health insurance. The Congressional Budget Office (CBO), a non-partisan arbiter of legislative costs, last week estimated that the reforms will cost 940 billion dollars over 10 years and expand coverage to about 32 million more Americans. The costs will be offset by a mix of new taxes and savings from within the system. The CBO predicted the entire bill would actually lower the federal budget deficit by 138 billion dollars over the next 10 years, and by 1 trillion dollars in the following decade.