Posts Tagged ‘CBO

10
Mar
15

A Tweet Or Two

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You are sent into a situation where a naked man is acting weird. He is clearly unarmed. It should be apparent to you that he might be mentally ill. You have a taser. You don’t use it. Instead you use your gun and kill him. You kill a man who served his country and just needed some help

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Continue reading ‘A Tweet Or Two’

09
Mar
15

A Tweet Or Two

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Clay Bennett editorial cartoon

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The GOP truly is the party of the dumb

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Continue reading ‘A Tweet Or Two’

27
Aug
14

Medicare Is Not Destroying The Budget? Thanks, ObamaCare

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David Leonhardt: Medicare: Not Such A Budget-Buster Anymore

You’re looking at the biggest story involving the federal budget and a crucial one for the future of the American economy. Every year for the last six years in a row, the Congressional Budget Office has reduced its estimate for how much the federal government will need to spend on Medicare in coming years. The latest reduction came in a report from the budget office on Wednesday morning. The changes are big. The difference between the current estimate for Medicare’s 2019 budget and the estimate for the 2019 budget four years ago is about $95 billion dollars. That sum is greater than the government is expected to spend that year on unemployment insurance, welfare and Amtrak — combined. It’s equal to about one-fifth of the expected Pentagon budget in 2019. Widely discussed policy changes, like raising the estate tax, would generate just a tiny fraction of the budget savings relative to the recent changes in Medicare’s spending estimates.

In more concrete terms, the reduced estimates mean that the federal government’s long-term budget deficit is considerably less severe than commonly thought just a few years ago. The reduced estimates are also an indication of what’s happening in the overall health care system. Even as more people are getting access to health insurance, the costs of caring for individual patients is growing at a super-slow rate. That means that health care, which has eaten into salary gains for years and driven up debt and bankruptcies, may be starting to stabilize as a share of national spending. The Affordable Care Act, in particular, made significant reductions to Medicare’s spending on hospitals and private Medicare plans, to help subsidize insurance coverage for low- and middle-income Americans.

More here

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