The U.S. Senate's health bill will cost $894 billion over 10 years, covering 31 million Americans without insurance, Senate majority leader, Harry Reid said on Wednesday.
The senior Senate Democratic leadership aide said the federal deficit will reduced to $127 billion over the next decade, while making changes to Medicare benefits, New York Times reported.
Reid presented the bill, which meets President Obama's requirement of the bill's cost, with his fellow Democrats at the meeting.
Senate's health bill proposal is broadly similar to the House Bill, but it differs in the tax aspect, such as, high-income people's Medicare payroll tax and high-cost health plans in the business companies.
Since Reid hoped the vote will be held before Thanksgiving break, the first vote could happen in weekend, reported the Associated Press.
According to Washington Post, Reid needs 60 votes in order to continue procedural motion to begin the formal debate. Ben Nelson of Nebraska released a written statement Wednesday saying he won't decide the vote because he needs to review the bill first to know the details.