![]() The health-indeed the very lives-of our nation’s older adults, people with disabilities, and their families are depending on it. ![]() We urge every Senator to reject this harmful, misguided bill and engage in a bipartisan, transparent dialogue on needed health reforms to enhance access and affordability. A combination of broader trends in the prescription drug market and lower-than-expected. An independent analysis finds that lost revenues to the Medicare Hospital Insurance (Part A) Trust Fund could deplete the Trust Fund’s reserves two years earlier than anticipated, effectively undermining the Medicare program’s fiscal health and opening the door to benefit cuts in the future. CBOs work on Medicare includes projections of federal spending under current law, cost estimates for legislative proposals, and analyses of specific aspects of. The federal government spent 59 billion net of premiums on Part D in that year after accounting for certain payments from states under the program, the net federal cost was 50 billion, which represented 10 percent of net federal spending for Medicare. As our nation grows older and becomes increasingly reliant on Medicaid, cuts of this magnitude can only be described as heartless.ĬBO also estimates that the BCRA will increase Medicare spending by $58 billion over 10 years. The Medicare trustees expect a larger deficit, of 380 billion (the trustees. The bill then goes on to slash the program even more deeply after 10 years. CBO projects a ten-year HI deficit of 190 billion over the period 2022 to 2031. The BCRA’s $772 billion in cuts to Medicaid over the first 10 years will end the program as we know it, risking access to home and community-based services, nursing home care, and other essential services, including for the one in five (11 million) older adults and people with disabilities enrolled in Medicare who also rely on Medicaid. The Better Care Reconciliation Act (BCRA)-the Senate leadership’s amended version of the House-passed health care package-would yank coverage out from under 22 million people, restrict access to needed care, and hike health care costs most significantly for the oldest and sickest among us. New York, NY- Today’s Congressional Budget Office (CBO) report makes it clear: a handful of Senators working in secret back rooms cannot write a bill that works for American families. Statement on the Congressional Budget Office Cost Estimate of the Better Care Reconciliation Actīy Joe Baker, president of the Medicare Rights Center
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