CHA News Article

Senate Budget Committee Releases FY 2014 Budget
House Budget Committee passes Ryan budget along party lines

The Senate Budget Committee held a mark-up on its FY 2014 budget proposal today. This marks the first time the Senate has produced a budget resolution in four years. The budget includes $1.85 trillion in savings, half of which would come from revenue increases and half from spending cuts, including $275 billion in unspecified health care reductions. While offering no detail regarding the health care cuts, the budget says the savings will come from “further realigning incentives throughout the system, cutting waste and fraud and seeking greater engagement across the health care system.” The budget also would repeal the Sustainable Growth Rate and replace cuts that happened as a result of sequestration.

On Wednesday, the House Budget Committee passed its budget on a party-line vote. The full House is expected to vote on its budget next week.