CBO: CMS Innovation Center’s First 10 Years Cost $5.4 Billion

The Congressional Budget Office says CMS’ innovation center increased spending by $5.4 billion in its first decade, despite initial estimates that it would save $2.8 billion during that time frame, and the office projects the center’s work will cost another $1.3 billion from 2021-2030, though it could begin to see net annual savings during that time. Joe Antos, health care fellow at the American Enterprise Institute and former assistant director for health and human resources at CBO, said the report...