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To help assess budgetary risks, CBO has projected spending by the Department of Veterans Affairs through 2028 under three scenarios, a modified version of CBO’s baseline and two other scenarios involving more rapid spending growth.
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CBO periodically issues a volume of options—this year’s installment presents 121—that would decrease federal spending or increase federal revenues. CBO’s website allows users to filter options by topic, date, and other categories.
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In a letter to Senator Mike Enzi, CBO provides additional information about its progress in updating its health insurance simulation model (HISIM).
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In 2015, average household income before accounting for means-tested transfers and federal taxes was $20,000 for the lowest quintile and $292,000 for the highest quintile. After transfers and taxes, those averages were $33,000 and $215,000.
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CBO provides additional information to Congressman Mark Meadows on its method for determining the budgetary treatment of the government’s payments to reimburse health insurers for cost-sharing reductions they provide to eligible people.
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CBO presents information on enrollment in and spending for Medicaid managed care and analyzes factors affecting those measures—including the types of beneficiaries, geographic areas, and range of services that managed care programs cover.
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The House Budget Committee convened a hearing at which Director Keith Hall testified about The Budget and Economic Outlook: 2018 to 2028. This document provides CBO’s answers to questions submitted for the record by Congressman Palmer.
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In a letter to Congressman Mark Meadows, CBO explains its estimate for section 53116 of the Bipartisan Budget Act requiring brand-name prescription drug manufacturers to increase the discount offered to some Medicare Part D beneficiaries.
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CBO provides additional information to Congressman Mark Meadows about the budgetary treatment of the government’s payments to reimburse health care insurers for cost-sharing reductions they provide to eligible people.
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If current laws remain generally unchanged, CBO projects, federal budget deficits and debt would increase over the next 30 years—reaching the highest level of debt relative to GDP in the nation’s history by far.