Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
July 29, 2015

$1.1 Trillion Axed From Long-Term Estimates on Federal Health Care Spending

In July, two pivotal scorekeepers on federal spending issued annual reports on the long-term outlook for federal health care spending.This week the trustees of the Medicare Trust Funds published the annual trust fund report and indicated that a recent moderation health care spending growth has extended the solvency of the Medicare hospital inpatient trust fund.

Earlier in July, the Congressional Budget Office also issued its Long Term Budget Outlook, including revisions to health care spending estimates, which also noted the long-term budgetary impact of slower health care spending growth.

CQ HealthBeat’s John Reichard noted on Wednesday that a separate CBO blog posting parsed all the reports into one striking statistic — that over the next 10 years, federal health care spending will be $1.1 trillion lower than previous estimates.

Comments (11)

Leave a Comment

Your email address will not be published.

author email

  1. Rosita Rubio

    Dec. 7, 2014
    3:37 p.m.

    No wonder costs are going down, very few doctors will take Medicare patients so there has been a decrease in payments to doctors. That’s like saying the government will buy you a new car and will pay all the costs as long as the car doesn’t cost over $5,000. Try to find a new car dealer that will sell you a new car for $5,000. The government will then say that their new car program has been a success and the costs of the agency that arranges for new cars has gone down. The government will keep the 100,000 bureaucrats that run the program incase the demand increases.

  2. Firozal A Mulla

    Dec. 8, 2014
    8:49 a.m.

    Angry protesters gathered in the US state of California for a second night to condemn recent deaths of black suspects by white officers in the US, with some demonstrators vandalizing, looting and clashing with police.

    Several hundred protesters gathered last night and continued marching into early today in the cities of Berkeley and Oakland, California, according to police.

  3. Firozal A Mulla

    Dec. 8, 2014
    8:55 a.m.

    London keeps packing them in. The city’s population has grown 15 percent since 2000, and housing costs have risen 30 percent since the Great Recession. While the growth in residential property values has slowed as new high-density towers spring up across the city, the cost of office space continues to rise. It’s already among the most expensive on the planet, and prices are likely to keep rising through 2016, according to Credit Suisse. The primary reason: a lack of new supply. Few new office buildings will open in 2015, higher land values make new developments rare and some older buildings are being converted to housing. And then there’s demand: employment in London is forecast to grow at 1.9 percent annually over the next two years, higher than the 1.3 percent average forecast for the U.K. as a whole. -

  4. Firozal A Mulla

    Dec. 8, 2014
    9:06 a.m.

    Chinese officials have their work cut out for them. Not only are they trying to transform their export-led economy into one driven by domestic consumption and private investment, they’re trying to do so at a time when the global economy is sluggish. That’s proving to be challenging, especially since the performance of China’s own economy has been subpar. It’s also tricky because the country’s desire to move away from growth driven by public investment means it would be counterproductive to prop up the economy with the kind of heavy-handed fiscal and monetary policy that worked rather well during the global financial crisis in 2009. As a result, China had implemented only moderate stimulus measures this year, such as investment in selected public works projects and new credit lines to certain financial institutions. Broader policy actions such as rate cuts had been off the table. Until last week. On November 21, China’s central bank revealed the extent of its concern about the slowing economy when it unexpectedly cut its benchmark interest rate for the first time since July 2012, lowering it 40 basis points to 5.6 percent, in addition to cutting the 1-year deposit rate by 25 basis points to 2.75 percent. The move represented a clear shift in policy, say Credit Suisse analysts Dong Tao and Weishen Deng, from “neutral with a slight easing bias” to full-out “easing.” That shift comes on the heels of news that China’s GDP grew 7.3 percent in the third quarter, the lowest level since 2009, and the fact that the country is on course to miss its 7.5 percent growth target for the year. More recent October data shows persistent weakness. Industrial production rose a lower-than-expected 7.7 percent in October, down from 8 percent the previous month, while retail sales slowed to 11.5 percent from 11.6 percent. And bank credit increased by 548 billion Yuan during the month, well short of a Bloomberg consensus of 626 billion Yuan. “These weak credit data support our argument that risk appetite is low in the banking sector, despite the central bank’s ongoing efforts to provide liquidity,” Tao wrote in a November 24 note. -

  5. Anonymous

    July 12
    2:40 p.m.

    I’d should examine with you here. Which isn’t something I normally do! I take pleasure in reading a put up that can make folks think. Additionally, thanks for allowing me to comment!

  6. Anonymous

    July 18
    9:32 a.m.

    Great – I should certainly pronounce, impressed with your website. I had no trouble navigating through all the tabs and related information ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, site theme . a tones way for your client to communicate. Excellent task.

  7. Anonymous

    July 21
    3:37 a.m.

    I love it when people come together and share opinions, great blog, keep it up.

  8. Anonymous

    July 24
    8:38 a.m.

    Hello! This is my first comment here so I just wanted to give a quick shout out and say I really enjoy reading your blog posts. Can you recommend any other blogs/websites/forums that go over the same topics? Thank you so much!

  9. Anonymous

    July 24
    8:10 p.m.

    I have been exploring for a little bit for any high-quality articles or weblog posts in this kind of house . Exploring in Yahoo I at last stumbled upon this website. Reading this info So i am glad to express that I’ve an incredibly just right uncanny feeling I came upon exactly what I needed. I most surely will make sure to do not put out of your mind this website and provides it a look regularly.

  10. Anonymous

    July 25
    8:07 p.m.

    Hey, I think your website might be having browser compatibility issues. When I look at your website in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, terrific blog!

  11. Anonymous

    July 28
    5:31 a.m.

    hi!,I like your writing so much! share we communicate more about your post on AOL? I require a specialist on this area to solve my problem. May be that’s you! Looking forward to see you.

Sign In

Forgot password?



Receive daily coverage of the people, politics and personality of Capitol Hill.

Subscription | Free Trial

Logging you in. One moment, please...