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|
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.
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