According to Kaiser Health News, late August estimates from the Congressional Budget Office show that Medicare and Medicaid will cost a combined $89 billion less over 10 years than the CBO previously projected. Medicare is expected to spend $49 billion less from 2015 to 2024, while Medicaid spending is expected to be $40 billion less over the same time period. While the reductions mean that the federal government’s long-term budget deficit will be significantly less than projected a few years ago, budget experts have cautioned that slowdowns in healthcare spending could reverse as the economy improves. Full article.
Projected Costs of Medicare, Medicaid, and SGR Repeal Reduced
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