Will Trump's tax bill cut Medicare by $490B? Not exactly

[Northeast Agent]

https://www.fiercehealthcare.com/payers/will-trumps-tax-bill-cut-medicare-500b-not-exactly?utm_medium=email&utm_source=nl&utm_campaign=HC-NL-FierceHealthPayer&oly_enc_id=4902E6421778H3I

Budgetary and policy analysts across the ideological spectrum told Fierce Healthcare that while the report is factually correct, it is unlikely to materially take effect.

"I consider this a nothingburger," said Jessica Riedl, a senior fellow at the Manhattan Institute.

"Congress always waives it, and they've been waiving it consistently over the years," echoed Bill Hoagland, senior vice president at the Bipartisan Policy Center

Here's the situation: Democratic lawmakers asked the CBO for budgetary impacts to the Trump budget bill, in accordance with the Statutory Pay-As-You-Go Act of 2010 (Statutory PAYGO). The mechanism ensures a net increase of the deficit by the end of the year will prompt the Office of Management and Budget to sequester funds from certain federal programs, otherwise known as automatic spending cuts.

 

[annon123]

https://www.fiercehealthcare.com/payers/will-trumps-tax-bill-cut-medicare-500b-not-exactly?utm_medium=email&utm_source=nl&utm_campaign=HC-NL-FierceHealthPayer&oly_enc_id=4902E6421778H3I

Here's the situation: Democratic lawmakers asked the CBO for budgetary impacts to the Trump budget bill, in accordance with the Statutory Pay-As-You-Go Act of 2010 (Statutory PAYGO). The mechanism ensures a net increase of the deficit by the end of the year will prompt the Office of Management and Budget to sequester funds from certain federal programs, otherwise known as automatic spending cuts.

And yes most on both sides of the aisle and independent analysists say his budget will increase the deficit.

And some of those programs that by law will need to be cut will include medicare. The cuts are, I believe, over something like 10 years but the percent the budget and specific programs need cut is baked into the law.

 

[Special Agent]

And yes most on both sides of the aisle and independent analysists say his budget will increase the deficit.

And some of those programs that by law will need to be cut will include medicare. The cuts are, I believe, over something like 10 years but the percent the budget and specific programs need cut is baked into the law.

https://www.fiercehealthcare.com/payers/will-trumps-tax-bill-cut-medicare-500b-not-exactly?utm_medium=email&utm_source=nl&utm_campaign=HC-NL-FierceHealthPayer&oly_enc_id=4902E6421778H3I

Budgetary and policy analysts across the ideological spectrum told Fierce Healthcare that while the report is factually correct, it is unlikely to materially take effect.

"I consider this a nothingburger," said Jessica Riedl, a senior fellow at the Manhattan Institute.

"Congress always waives it, and they've been waiving it consistently over the years," echoed Bill Hoagland, senior vice president at the Bipartisan Policy Center

Here's the situation: Democratic lawmakers asked the CBO for budgetary impacts to the Trump budget bill, in accordance with the Statutory Pay-As-You-Go Act of 2010 (Statutory PAYGO). The mechanism ensures a net increase of the deficit by the end of the year will prompt the Office of Management and Budget to sequester funds from certain federal programs, otherwise known as automatic spending cuts.

Bro look for the agenda before you use a " think tank" like the Manhatten Institute as a point unbias information. Here are some of the books they publish looks like a list of suggested reading for the Fox Nation Book Club.lol

Books

Books MI scholars’ recent releases by popular and academic publishers

manhattan.institute

.

 

[Northeast Agent]

Special Agent said:

Bro look for the agenda before you use a " think tank" like the Manhatten Institute as a point unbias information.

Bruh, not sure why you assumed I'm a "bro" but as an FYI I'm female (Lisa).

 

[Special Agent]

And then........

 

[somarco]

Medicare loses an estimated $60-$90 billion annually due to fraud, waste, and abuse. This includes improper payments, errors, and intentional fraud. Improper payments can stem from insufficient documentation, errors in processing claims, or even intentional fraud.



Looks like they could save a bunch of $$ without impacting anyone who is legally entitled to benefits