CBO: President’s budget would reduce Medicare spending

Changes to Medicare proposed in President Barack Obama’s 2016 budget would decrease federal spending by $240 billion over the 10-year projection period, according to an analysis by the Congressional Budget Office. The calculation does not include changes related to repealing the automatic enforcement procedures known as sequestration.

“The president’s proposal to increase payment rates for physicians (which, under current law, are scheduled to be lowered in 2015) would boost outlays by $6 billion in 2015 and by $168 billion between 2016 and 2025,” the CBO says. “However, the president’s other proposals affecting Medicare would reduce outlays by $408 billion.”

The analysis includes other proposals contained in the budget as well.

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Lois Bowers

Lois A. Bowers was senior editor of I Advance Senior Care / Long-Term Living from 2013-2015.