CBO analyzes options to reduce FHA’s exposure to risk from its program to guarantee single-family mortgages, including creating a larger role for private lenders and restricting the availability of FHA’s guarantees.
Later this afternoon CBO aims to publish a preliminary analysis of the direct spending and revenue effects of H.R. 1628, an amendment in the nature of a substitute [LYN17744], which was posted this morning on Senator Bill Cassidy’s website.
Federal receipts and expenditures in the national income and product accounts (NIPAs) differ in certain ways from revenues and outlays as shown in the federal budget. This report presents CBO’s baseline projections using the NIPA framework.
CBO will provide as much qualitative information as possible about the effects of the legislation. However, CBO will not be able to provide point estimates of the effects on the deficit, health insurance coverage, or premiums for at least several weeks.
CBO and JCT project that the federal subsidies, taxes, and penalties associated with health insurance coverage for people under age 65 will result in a net subsidy from the federal government of $705 billion in 2017.
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 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.