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The Congressional Budget Office on Wednesday estimated that the health care reform bill being debated by the Senate Finance Committee would cost $829 billion over the next decade.

The nonpartisan budget experts also concluded that the bill sponsored by Sen. Max Baucus, D-Mont., would help reduce the federal deficit by $81 billion by 2019, as additional spending to expand coverage would be offset by cuts and new revenue.

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At the same time, the bill would expand the percentage of Americans with health insurance to 94 percent from 83 percent over the next decade, according to the Congressional Budget Office. The estimates set the stage for the finance panel to vote on the proposal this week or next week.