Since the previous edition of this report, CBO has—at various times—updated certain aspects of its health care projections, but has not produced a comprehensive set of estimates like those in this report.
CBO Blog
The federal budget deficit was $675 billion for the first 11 months of fiscal year 2017, CBO estimates—$56 billion more than the shortfall recorded during the same span last year.
CBO finds that premiums collected by the National Flood Insurance Program for policies in effect in August 2016 fell short of the program’s expected costs by $1.4 billion, mainly because of shortfalls in coastal counties.
CBO analyzes the impact of retirement benefits on the federal budget and on the compensation, recruitment, and retention of its employees. It assesses the short-term and long-term effects of potential changes to those benefits.
CBO and the Joint Committee on Taxation estimated the effects on the federal budget, health insurance coverage, market stability, and premiums if payments for cost-sharing reductions would end after December 2017.
Tomorrow afternoon, CBO expects to release a report, which is being prepared with the staff of the Joint Committee on Taxation, about the effects of terminating payments for cost-sharing reductions.
The federal budget deficit was $568 billion for the first 10 months of fiscal year 2017, the Congressional Budget Office estimates—$56 billion more than the shortfall recorded during the same span last year.
CBO and the Joint Committee on Taxation will soon release estimates of the effects of the version of H.R. 1628, the Better Care Reconciliation Act, posted this morning on the Senate Budget Committee’s website.
Later today, CBO and the Joint Committee on Taxation (JCT) will release estimates of the effects of the Obamacare Repeal Reconciliation Act of 2017.
Under the President’s proposals, budget deficits from 2018 through 2027 would total nearly one-third less than those in CBO’s baseline projections, ranging between 2.6 percent and 3.3 percent of GDP, down from 3.6 percent in 2017.