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The Congressional Budget Office (CBO) estimated in 2023 that adding work requirements to Medicaid eligibility would reduce federal spending by roughly $109 billion over a 10-year period.
That includes capping Medicaid spending (more than $501 billion in 10-year savings), increasing premiums for Medicare Part B (more than $57 billion), and reconfiguring how Social Security benefits ...
The report points to figures from the state's Legislative Fiscal Bureau that estimate state taxpayers covered more than $2 billion in Medicaid costs that would have been paid by federal taxpayers ...
The Medicare Trustees have reduced their forecast for Medicare costs as %GDP, mainly due to a lower rate of healthcare cost increases. Medicare was established in 1965 and expanded thereafter. In 2009, the program covered an estimated 45 million persons (38 million aged and 7 million disabled).
As of 2017, the total annual cost of Medicaid was just over $600 billion, of which the federal government contributed $375 billion and states an additional $230 billion. [4] In general, Medicaid recipients must be U.S. citizens or qualified non-citizens, and may include low-income adults, their children, and people with certain disabilities. [5]
[26] [23] The federal government typically covered only 50–83 percent of Medicaid costs prior to ACA, [26] with its share determined by the state's average per capita income. [23] The elevated share for Medicaid expansion implied over $500 billion in additional federal funding between 2014 and 2020. [26]
Most of the roughly $1 billion Medicaid expansion budget covers pharmacy expenses, such as drug costs, followed by hospital services that include preventative screenings, surgeries, COVID-19 ...
Indiana's initial estimate for Medicaid expenses is nearly $1 billion short of its now-predicted need, state lawmakers learned in a report that ignited concern over the state's budget and access ...