President Trump’s Budget: CBO vs. OMB
A nice summary of the policy changes scored by the Congressional Budget Office (CBO) and Office of Management and Budget (OMB) from the Committee for a Responsible Federal Budget (CRFB).
Tag: Budget
How the AHCA will affect the Federal Budget
On the positive side, the American Health Care Act (AHCA) will decrease the federal budget deficit due largely to reductions in Medicaid spending and subsidies for the Health Insurance Exchanges enacted by the Affordable Care Act (ACA). On the other hand, the AHCA will greatly increase the number of people without health insurance. Federal Spending…
Health care spending a key driver of future budget deficets
The Congressional Budget Office (CBO) released its 2016 10-year budget projections last month and the numbers do not look good. CBO estimates that the 2016 federal budget deficit will be more than half a trillion dollars ($544 billion), which will cause the total level of federal government debt to increase to 76% of GDP. How…
Over half of federal spending on entitlements
Here’s a graphic from the NIHCM foundation summarizing where federal revenues come in an where they are spent. As you can see about one quarter of the budget is spent on Medicare, Medicaid, CHIP and ACA Subsidies and another quarter is spent on Social Security. This is not news if you have been reading the Healthcare Economist diligently…
CBO presents ominous debt projections
Like most years, in recent history, the Congressional Budget Office’s 2014 Long-term Budget Outlook is not rosy. Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing its debt to soar. The total amount of federal debt held by the public is now…
How will your healthcare change if Paul Ryan is the Vice President?
To answer this question the best place to look is Paul Ryan’s budget proposal. The proposal would convert Medicare and Medicaid into voucher-based programs. Individuals and families not covered by either of these programs would receive assistance through a refundable tax credit based on the individual’s income. You can find more information on Mr. Ryan’s…
A Dishonest Budget?
The most recent Federal Budget leaves much to be desired. There are spending cuts. The Economist reports that although Mr Obama’s team projects that his budget will cause the deficit will fall “…from a post-war record 11% of GDP in the current fiscal year to 3.1% by 2021. That would stabilise the debt, albeit at…
The CBO’s Budget Outlook: Not Good
In January, the CBO released a report titled The Budget and Economic Outlook: Fiscal Years 2010 to 2020. A summary of the findings is available on the CBO Director’s blog. Today, however, I focus on CBO’s evaluation of how changes in health care spending affect the federal budget. “Medicaid spending (excluding stimulus funding) increased by…
Half a billion: UC Budget Gap
The state of California is in serious fiscal trouble. Those troubles extend the state’s flagship university system. “The scenario that assumes failure of the May 19 state ballot propositions would leave the UC system with a net budget reduction of $322 million, or 10 percent, in the 2009-10 year. Taken together with the state’s…
How much is a $100m Cut from the Budget?
Obama Budget Cut Visualization. HT: Megan McArdle