Medicare
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Additional Information About the Budget Outlook: 2021 to 2031
This document provides additional information about the baseline budget projections that CBO released on February 11, 2021.
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The 2021 Long-Term Budget Outlook
CBO presents its projections of the federal budget for the next 30 years if current laws governing taxes and spending generally did not change. Growth in revenues would be outpaced by growth in spending, leading to rising deficits and debt.
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A Comparison of Brand-Name Drug Prices Among Selected Federal Programs
CBO describes how the prices of brand-name prescription drugs are determined in different federal programs and compares drug prices among those programs in 2017.
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The Budget and Economic Outlook: 2021 to 2031
If current laws governing taxes and spending generally remain unchanged, CBO projects, in 2021, the federal budget deficit will total $2.3 trillion, federal debt will reach 102 percent of GDP, and real GDP will grow by 3.7 percent.
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The Budgetary Effects of the Raise the Wage Act of 2021
If the Raise the Wage Act of 2021 was enacted in March 2021, the cumulative budget deficit over the 2021–2031 period would increase by $54 billion.
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Options for Reducing the Deficit: 2021 to 2030
CBO periodically issues a compendium of policy options and their effects on the federal budget. This document provides estimates of the budgetary savings from 83 options that would decrease federal spending or increase federal revenues.
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A Review of CBO’s Estimate of Spending From the Department of Defense’s Medicare-Eligible Retiree Health Care Fund
In a cost estimate prepared in October 2000, the Congressional Budget Office estimated that spending for new health care benefits for military retirees would total about $57 billion over the 2003–2010 period; actual costs over that period were about $55 billion.
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Policies to Achieve Near-Universal Health Insurance Coverage
CBO examines four policy approaches that could achieve near-universal health insurance coverage.
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Federal Subsidies for Health Insurance Coverage for People Under 65: 2020 to 2030
CBO and JCT project that 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 $920 billion in 2021 and $1.4 trillion in 2030.
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The 2020 Long-Term Budget Outlook
CBO presents its projections of what federal deficits, debt, spending, and revenues would be for the next 30 years if current laws governing taxes and spending generally did not change.