The Medicare program provides subsidized medical insurance for the elderly and for some disabled people. In 2013, Medicare had about 51 million beneficiaries. Gross spending (excluding administrative costs that are subject to appropriation) for the program was $585 billion. (Net spending, which has beneficiaries’ payments of premiums and some other receipts subtracted out, was $492 billion.) CBO anticipates that Medicare spending will rise rapidly over the next decade, spurred by the retirement of the baby boomers. The agency’s work on Medicare includes projections of future program spending, cost estimates of specific legislative proposals, and a range of analyses of policy options and issues affecting the program.
Jul 2014 - Why has Medicare's prescription drug program cost less than anticipated when the program was created? How has competition between plan sponsors affected spending? How do Medicare Part D drug prices compare to those in Medicaid?
Jul 2014 - If current laws remained generally unchanged, federal debt held by the public would exceed 100 percent of GDP by 2039 and would be on an upward path relative to the size of the economy—a trend that could not be sustained indefinitely.
Feb 2014 - Under current law, deficits will drop through 2015 but rise thereafter, boosting the already high federal debt, CBO projects. Economic growth will be solid in the near term, but unemployment will not drop below 6.0 percent until 2017.
Dec 2013 - Most of the 16 options that CBO examined would either decrease federal spending on health programs or increase revenues (or equivalently, reduce tax expenditures) as a result of changes in tax provisions related to health care.
Sep 2013 - CBO analyzes the ways two illustrative options for a premium support system for Medicare would affect federal spending and beneficiaries' choices and payments.
- Cost EstimateSeptember 11, 2014
H.R. 4067, a bill to provide for the extension of the enforcement instruction on supervision requirements for outpatient therapeutic services in critical access and small rural hospitals through 2014.Cost EstimateAugust 12, 2014
- Working PaperJuly 30, 2014
- ReportJuly 30, 2014
- Blog PostJuly 28, 2014
- Data or Technical InformationJuly 25, 2014
What Are the Causes of Projected Growth in Spending for Social Security and Major Health Care Programs?Blog PostJuly 18, 2014
- GraphicJuly 16, 2014
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