CBO Says It Overestimated Health Spending For 2010-2020

By Michelle M. Stein / March 22, 2023 at 1:50 PM
The Congressional Budget Office said Friday it overestimated Medicare and Medicaid spending in its 2010-2020 projections by about 9%, coming as HHS Secretary Xavier Becerra prepares to testify before the Senate Finance and Appropriations Committees Wednesday (March 22) on President Joe Biden’s fiscal 2024 budget, which includes a tax-based plan to extend the Medicare trust fund by an extra 25 years. Republican leaders claim they have no plans to cut Medicare benefits despite proposals from certain factions in the party...

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