Unbiased Analysis of Today's Healthcare Issues
The Congressional Budget Office (CBO) recently released projections of US health insurance levels between 2024 and 2034. In the Hale et al. (2024) study, CBO estimates that: …92.3 percent of the US population, or 316 million people, have coverage in 2024, and 7.7 percent, or 26 million, are uninsured. The uninsured share of the population…
A paper by Hanson et al. (2023) summarizes the Congressional Budget Office’s projections around US health insurance coverage between 2023-2033. They find that low rates of uninsurance due to provisions enacted to combat COVID-19 will not be sustained as these provisions expire: Temporary policies enacted in response to the COVID-19 pandemic have increased Medicaid and…
Every year, the Congressional Budget Office (CBO) makes projections of what the federal budget will look like, in particular, what the government debt and annual deficits will be. Note that these should not be seen as forecasts since CBO projections aim to measure what will happen over the next 10 years assuming no change to…
It stands to reason that policies that aim to reduce drug prices or squeeze life science companies profits are likely to decrease incentives to finance the research and development needed to bring a drug to market. Previous estimates claim that bringing a new drug to market may cost over $2 billion, and life science companies…
Earlier this month, the Congressional Budget Office (CBO) gave an update to its federal budget projections between 2020 and 2030. As expected, things look grim for 2020. CBO projects a federal budget deficit of $3.3 trillion in 2020, more than triple the shortfall recorded in 2019. That increase is mostly the result of the economic…
In June of this year, CBO laid out the projected fiscal health of the federal budget over the coming decades in their 2018 Long Term Budget Outlook report. This report project’s “extended baseline” scenarios that assume that all laws on the books will be implemented as written. For instance, if there is a spending bill…
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).
According to the Congressional Budget Office’s (CBO’s) 2017 Long-Term Budget Outlook, you need to look no further than entitlements for the elderly. Mandatory programs have accounted for a rising share of the federal government’s noninterest spending over the past few decades, exceeding 60 percent for the past several years. Much of the growth has occurred because…
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…
According to a January 2017 report from the Congressional Budget Office (CBO), spending on entitlement programs for the elderly is the primary factor driving increased budget deficets over the next 10 years. The CBO states: Outlays rise faster than revenues—by about 5 percent a year, on average—increasing from 20.7 percent of GDP in 2017 to…