Tag: CBO

House Ways and Means Committee Headquarters, Longworth House Office, Washington DC

A reporter called recently with a question about the impact of the Social Security 2100 Act, proposed by Representative John Larson (D-CT and Chairman of the House Ways and Means Social Security Sub­committee) and others.  Apparently, the Congressional Budget Office (CBO) and the Social Security Administration’s Office of the Chief Actuary (OCACT) show this legislation…

Top view of stethoscope,magnifying glass,plant and blackboard written with Medicaid on wooden background

Cuts will cascade just as Baby Boomers age into need for nursing home care.  According to the Congressional Budget Office (CBO), the House version of “Repeal and Replace” would cut federal health care expenditures by $1.2 trillion over the decade 2017-2026, result in 24 million fewer Americans having medical insurance by 2026, and impose a…