U.S. Sen. Mike Crapo (R-ID), a co-sponsor of the Healthy Americans Act, received news that the bipartisan legislation has received a favorable cost review from the Congressional Budget Office.

The report, released Thursday concludes the proposal would be budget neutral in just a few years after enactment and would actually generate savings in the long term. Crapo says the legislation, with fourteen Senate sponsors, is the first bipartisan health reform bill to cover all Americans not already eligible for Medicare or military coverage.

US Senator Mike Crapo (R-Idaho) comments

Supporters say the Healthy Americans Act provides for affordable, private health insurance and offers participants choices how they receive health care. It also allows for health care plans to transfer with employment changes, promotes proactive wellness plans and reforms the insurance market so that insurers are forced to compete on price, benefits and quality. In addition, all taxpayers would receive a standard tax deduction for health care costs.