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.
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