CBO Report Receives Mixed Reviews Long floor fight is expected. Published on: Dec 2, 2009 Tweet Post to Your Wall. Email Story RSS Permalink Print Following a report issued by the Congressional Budget Office on the Senate's plan to overhaul the nation's health-care system, Democrats hailed the report as political vindication that should help reassure wavering moderates in both parties. Senate Majority Leader Harry Reid, D-Nev., said the analysis confirms that millions of Americans who lack the necessary coverage to avoid potential financial ruin would have access to more coverage at an affordable price. Still, Republicans argued that millions of people could face higher premiums with no promise of federal aid. And despite dozens of pages of new insurance industry regulations, they said, the Senate bill would do little to lower premiums for the 160 million people who already have coverage through their jobs. Senator Chuck Grassley, R-Iowa says this bill will do little, if anything, to provide relief and that CBO's analysis makes clear that the Reid bill is not fixing the problem. The first amendment offered during debate by Republicans would strike more than $400 billion dollars in planned reductions to Medicare spending. The Senate floor fight is expected to last several weeks, possibly endangering Democrats' goal of holding a final vote before the chamber adjourns for the holidays.