In CBO and JCT’s projections, net federal subsidies in 2022 for insured people under age 65 are $997 billion. In 2032, that annual amount is projected to reach $1.6 trillion.
June 2022
This week, five analysts from CBO's Health Analysis Division are presenting their work at the 11th Annual Conference of the American Society of Health Economists ("ASHEcon") in Austin, Texas.
CBO will publish An Analysis of the Discretionary Spending Proposals in the President’s 2023 Budget on July 1. On July 27, CBO will publish The 2022 Long-Term Budget Outlook.
CBO estimates the costs of federal credit programs in 2023 in two ways—following procedures prescribed by the Federal Credit Reform Act (FCRA) and using a fair-value approach, which measures the market value of the government’s obligations.
CBO analyzes trends in wildfire activity; considers the effects of wildfires on the federal budget, the environment, people’s health, and the economy; and reviews forest-management practices meant to reduce fire-related disasters.
CBO analyzes the effects of work requirements and work supports on employment and income of participants in Temporary Assistance for Needy Families, the Supplemental Nutrition Assistance Program, and Medicaid.
To show how variations in economic conditions might affect its budget projections, CBO analyzed how the budget might change if values of four key economic variables differed from those in the agency’s forecast.
The federal budget deficit was $423 billion in the first eight months of fiscal year 2022, CBO estimates. That amount is about one-fifth of the $2.1 trillion shortfall recorded during the same period in 2021.
CBO Director Phillip Swagel spoke about CBO’s work and processes to a group of Congressional staff at a conference organized by the Congressional Institute.