$1.1 Trillion Axed From Long-Term Estimates on Federal Health Care Spending
Posted at 11:45 a.m. on Aug. 1, 2014
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.