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CBO projects multibillion decrease in Medicare and Medicaid costs over next decade

Medical Staff Leader Insider, August 28, 2014

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The Congressional Budget Office (CBO) recently announced that it has decreased its 10-year projected cost of Medicare and Medicaid by $89 billion due to reduced medical services and labor costs.
 
From 2015 to 2024, Medicare and Medicaid spending is expected to drop about 1%, $49 billion and $40 billion respectively, according to the CBO’s forecast. However in the short term, due mostly to the Affordable Care Act, federal spending for healthcare programs will increase $67 billion this year.
 
Source: Kaiser Health News

 



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