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.
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.
Sep 2013 - Federal debt would grow to 100 percent of GDP by 2038 under current law, CBO projects, and would be on an upward path relative to the size of the economy—a trend that could not be sustained indefinitely.
Estimated Effects on Direct Spending and Revenues for Health Care Programs of Proposals in the President's 2015 Budgetdata or technical informationApril 17, 2014
- cost estimateMarch 31, 2014
- cost estimateMarch 26, 2014
- cost estimateMarch 19, 2014
- cost estimateMarch 12, 2014
- blog postMarch 10, 2014
- blog postFebruary 28, 2014
- presentationFebruary 27, 2014
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