![]() The National Library of Medicine believes this item to be in the public domain. The paper presents an analysis of an illustrative option for changing Medicare's cost-sharing structure to demonstrate the output generated by the model, including estimates of how changes in Medicare spending and beneficiaries' out-of-pocket spending vary across beneficiaries. In addition to estimating effects on Medicare FFS spending, CBO uses the model to estimate other federal budgetary effects that result from interactions between Medicare FFS spending and receipts from Medicare Part B premiums and spending on other federal programs. Those behavioral responses are incorporated in the estimates of the federal budgetary effects of proposed legislation. ![]() Based on findings from the research literature, CBO uses the model to simulate changes to beneficiaries' total spending on Medicare services in response to changes in their cost-sharing requirements. The agency used survey data to impute measures of supplemental insurance coverage for the sample. The new prescription drug law will save Medicare beneficiaries 25 billion, cut the federal deficit and lead to less need for hospital and other medical care, according to a new analysis by the nonpartisan Congressional Budget Office (CBO). CBO constructed the model using administrative data on enrollment, utilization, and Medicare spending for a large sample of Medicare FFS beneficiaries. This paper describes the model and the types of analyses it can support. And the Congressional Budget Office has identified its reform as a way to produce 750 million in Medicare and 80 million in Medicaid savings over the. The Congressional Budget Office uses a microsimulation model to estimate the federal budgetary effects of proposed changes to the cost-sharing structure of the Medicare fee-for-service (FFS) program and proposed changes to medigap policies that cover most or all of Medicare's cost sharing. ![]() Subject(s): Budgets Cost Sharing Fee-for-Service Plans - economics Medicare - economics Models, Economic Deductibles and Coinsurance - economics Federal Government Medicare Part A - economics Medicare Part B - economics Humans United States Genre(s): Technical Report Abstract: WASHINGTON (AP) The Congressional Budget Office reported Wednesday that economic and job growth so far this year has been stronger than forecast in February, but an updated outlook sees. ![]() : Congressional Budget Office, October 2019 Congressional Budget Office, issuing body. Working paper series (Congressional Budget Office)Īuthor(s): Duchovny, Noelia, author Kowalczyk, Jamease, author Laughery, Scott, author Sajewski, Sarah, author Contributor(s): Collection: Health Policy and Services Research Series Title(s): The Congressional Budget Oce (CBO) reported earlier this year that actual Medicare and Medicaid spending between 20102020 was 9 percent lower than original projec ons, with improvements to care management and more ecient use of technology playing a role in slowing spending on federal health programs. ![]()
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