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Baucus: Finance draft less than $900 bil.

From NBC's Ken Strickland
Senate Finance Committee Chairman Max Baucus today announced the bipartisan working group has a draft health-care reform bill. And according to the Congressional Budget Office, the bill costs less than $900 billion and does not increase the deficit. "The bill would actually reduce the federal deficit in the 10th year by several billion dollars," he said.

Video: A bipartisan deal may have been reached on health care, and while it might win over some Republicans, it's causing a major rift in the Democratic caucus. Sen. Barbara Boxer, D-Calif., discusses.

Baucus was quick the say the "good news" was preliminary. "Keep in mind the draft does not include resolution of several issues," he told reporters after a closed door meeting the group of six.

He also said the bill would cover 95% of all Americans by 2015 and would not cause people to drop out of their company-provided insurance programs -- a big concern of business groups. "Employer-sponsored coverage increases throughout the life of the program," he added.

The bill is expected to be shown the all Finance Committee Democrats later today.