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Projected Medicare Spending Has Fallen by More than $500 Billion
Center on Budget and Policy Priorities Feb. 19, 2013 "[P]rojected Medicare spending over the 2011-2020 period has fallen by more than $500 billion since late 2010 -- based on a comparison of the latest [CBO] projections with those of August 2010. That's important to remember because it was in late 2010 -- and based on CBO's August 2010 projections -- when Fiscal Commission co-chairs Erskine Bowles and Alan Simpson issued their original budget proposal, calling for slightly more than $300 billion in Medicare spending cuts through 2020." |
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