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CONGRESSIONAL BUDGET OFFICE CHALLENGES DEMOCRAT'S MEDICARE FIGURES
Bloomberg - The Congressional Budget Office challenged claims by health-care overhaul proponents that Medicare savings in Senate legislation would help finance expanded coverage and postpone the bankruptcy of the medical program for the elderly.
The nonpartisan agency said the $246 billion it projected the legislation would save Medicare can't both finance new programs and help pay future expenses for elderly covered under the federal program.
Nor could those savings be used to extend the solvency of Medicare, set to run out of money in 2017, the budget office said in a letter to Senate Republicans.
The estimated Medicare savings in the legislation overstate "the improvement in the government's fiscal position," the CBO said in the letter.
"The true increase in the ability to pay for future Medicare benefits or other programs would be a good deal smaller," the budget office said.
The nonpartisan agency said the $246 billion it projected the legislation would save Medicare can't both finance new programs and help pay future expenses for elderly covered under the federal program.
Nor could those savings be used to extend the solvency of Medicare, set to run out of money in 2017, the budget office said in a letter to Senate Republicans.
The estimated Medicare savings in the legislation overstate "the improvement in the government's fiscal position," the CBO said in the letter.
"The true increase in the ability to pay for future Medicare benefits or other programs would be a good deal smaller," the budget office said.
Labels: HEALTH INSURANCE, MEDICARE
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