October 14,1999

Roth Releases CBO Cost Estimates for the Medicare ''Balanced Budget Adjustment Act of 1999''

WASHINGTON -- Senate Finance Committee Chairman William V. Roth, Jr. (R-DE) today released the Congressional Budget Office (CBO) cost estimates for the Balanced Budget Adjustment Act of 1999.

The revenue table is attached and the breakdown by program area is below.

Program Area 10-year Estimate
Medicare+Choice (direct) $ 2.1 billion
M+C (interactions with FFS) $ 3.1 billion
Rural Health Care Initiatives $ 1.1 billion
Hospitals (All) $ 1.9 billion
Major Teaching and Medical Centers $ 1.8 billion
Post-Acute Services:

Skilled Nursing Facilities

Beneficiary Therapy Benefits

 $ 3.8 billion

$ 2.1 billion

$ 1.7 billion
Home Health Agencies $ 1.5 billion
ESRD Program $ 800 million
Hospice $ 400 million


Medicaid/Welfare Transition Funds/Children's Health Insurance Program $ 1.3 billion

Total, Direct Spending*

$ 15.2 billion**

* Includes interactions with Medicare+Choice, Medicaid and Part B Premium. Preliminary scores provided by the Congressional Budget Office.

** The estimated score in FY 2000 is $900 million, and the estimated score for FY 2000-04

is $9.7 billion.