News Headlines Article

CBO sees Obama budget lowering Medicare outlays
Modern Healthcare

In its analysis of President Barack Obama’s fiscal 2013 budget (PDF), the nonpartisan Congressional Budget Office estimated that the president’s policies to lower Medicare spending would reduce outlays to the federal program by $276 billion over 10 years.

These savings are based on proposals to change payments to providers, modify cost-sharing responsibilities for certain Medicare beneficiaries, and reduce waste, fraud and abuse in Medicare.