Congressional Budget Office: Medicare doc bill cost $214B
WASHINGTON - The nonpartisan Congressional Budget Office says the bipartisan House deal protecting doctors from steep cuts in Medicare fees would cost $214 billion over the coming decade.
In a letter to House Speaker John Boehner, the budget office says $141 billion of those costs would come from increasing federal deficits.
The rest would be paid for with added costs for Medicare beneficiaries, mostly higher premiums for the highest-earning recipients, and payment cuts to nursing homes and other providers.
Republicans have been saying some of the agreement's provisions would produce large savings beginning a decade from now.
The budget office says it is hard to make such a projection. It says the measure could yield savings or added costs in the second decade after enactment, with the middle ground being small savings.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
One transported after construction crane falls on vehicle in Henderson
DOTD to discuss widening of LA 44, roundabout in Ascension Parish
Restore Louisiana to reopen survey and extend application deadline
Doorman, veteran at local bar salutes for national anthem, becomes internet sensation
Mississippi casino revenue rises as sports betting begins