CBO Projects Lower Costs for Medicare and Medicaid
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February 21, 2013 - 7:12pm
Econintersect: The Congressional Budget Office (CBO) lowered the projections of costs for Medicare and Medicaid through 2022. The major reasons include:
Costs over the last three years under-running previous projections;
Lower estimated enrollment in Medicaid.
The CBO stated:
In recent years, health care spending has grown much more slowly both nationally and for federal programs than historical rates would have indicated. For example, in 2012, federal spending for Medicare and Medicaid was about 5 percent below the amount that CBO had projected in March 2010.
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