Congressional budget scorekeepers say President Barack Obama's health care bill would reduce the federal deficit by $138 billion over 10 years. The Congressional Budget Office said Thursday the $940-billion legislation would provide coverage to 32 million people now uninsured by 2016, bring the total number ...

President Barack Obama says his health care overhaul would be the most significant effort to reduce the nation's deficit since the balanced budget act of the 1990s. Democratic leaders say the health care bill being considered on Capitol Hill is estimated to reduce the federal deficit by more ...

WASHINGTON (Reuters) - House Majority Leader Steny Hoyer said on Thursday that sweeping healthcare overhaul legislation was on track for passage by the U.S. House of Representatives and would cut the deficit by more than $100 billion in the first 10 years. Expanding healthcare coverage will cost about $940 billion over 10 years. But revenue increases and savings in the ...

Israeli pharma giant Teva said on Thursday it had signed a deal to buy Ratiopharm, Germany's second largest generic drugs producer, for 3.6 billion euros (4.9 billion dollars). "The acquisition will position Teva as the leading generic pharmaceutical company in Europe," the Jerusalem-based drugmaker said, boosting yearly sales in Europe to 5.2 billion dollars from ...