Medicaid is a joint federal-state program with an average enrollment of about 57 million people this year. In 2012, federal spending for Medicaid was $251 billion, of which $223 billion covered benefits for enrollees.
CBO Blog
Although spending for health care in the United States has grown more slowly in recent years than it had previously, high and rising levels of such spending continue to pose a challenge for Medicare, Medicaid, and other government programs.
The deficit has fallen faster than we expected a few years ago, but the fundamental federal budgetary challenge remains.
On an annualized basis, the funding provided by the continuing resolution would exceed the statutory caps by $19 billion. Defense funding would exceed its cap by about $20 billion; nondefense funding would be about $1 billion below its cap.
The 2013 Long-Term Budget Outlook will be available on CBO’s website at 10:00 a.m. on the day of release.
The federal government ran a budget deficit of roughly $750 billion for the first 11 months of fiscal year 2013, CBO estimates, a reduction of more than $400 billion from the shortfall recorded for the same period last year.
CBO is excited to launch its social media presence on Twitter. Follow @USCBO for our reports and selected cost estimates and @USCBOCostEst for all of our cost estimates.
In the 2011–2012 academic year, 9.4 million students received $34 billion in Pell grants. How would tightening eligibility or changing grant amounts affect the program’s costs or the number of recipients?
Updated Historical Budget Data Following BEA's Recent Update of the National Income and Product Accounts
The federal government’s budget deficit was slightly more than $600 billion in the first 10 months of fiscal year 2013, CBO estimates, almost $370 billion less than the shortfall recorded for the same period last year.