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.
Oct 2013 - CBO's new estimate of the net budgetary savings from adopting this policy is much lower than its earlier estimates for proposals to raise Medicare's eligibility age. This report describes CBO's new estimate and the reasons for the change.
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.
Dual-Eligible Beneficiaries of Medicare and Medicaid: Characteristics, Health Care Spending, and Evolving Policies
Jun 2013 - People eligible for both Medicare and Medicaid benefits—known as "dual-eligible beneficiaries"—are a varied group, but many have extensive health care needs and account for a disproportionate share of spending on Medicare and Medicaid.
Nov 2012 - CBO estimates that greater use of prescription drugs by Medicare beneficiaries reduces Medicare's spending on medical services.
Letter to the Honorable John Boehner providing an estimate for H.R. 6079, the Repeal of Obamacare Act
Jul 2012 - CBO and the JCT have estimated the direct spending and revenue effects of H.R. 6079, as passed by the House of Representatives on July 11, 2012.
The Long-Term Budgetary Impact of Paths for Federal Revenues and Spending Specified by Chairman Ryan
Mar 2012 - The calculations presented here represent CBO's assessment of how the specified paths would alter the trajectories of federal debt, revenues, spending, and economic output relative to the trajectories under two scenarios that CBO has analyzed previously.
Jan 2012 - This issue brief reviews how ages of eligibility affect beneficiaries under current law and how delaying eligibility would affect beneficiaries, the federal budget, and the economy.
Lessons from Medicare's Demonstration Projects on Disease Management, Care Coordination, and Value-Based Payment
Jan 2012 - CBO reviews the outcomes of 10 major demonstrations that have been evaluated by independent researchers.
Dec 2011 - In 2008, low-income enrollees who received an additional subsidy to participate in Medicare's prescription drug program spent on average twice as much as those not receiving the additional subsidy.
- 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
- cost estimateFebruary 27, 2014
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