Report reveals budget gap in CBO Medicare spending projections

A 2009 Congressional Budget Office (CBO) report on Medicare spending missed the mark on what Medicare spending would be in 2014. The CBO predicted Medicare spending would be $706 billion for this year, but spending ended up amounting to $580 billion. A number of factors contributed to this $126 billion gap, according to a new analysis from the Kaiser Family Foundation.

While about two-thirds of the gap can be explained, the remaining third, or $48 billion, remains unexplained. The report explains some known factors but others remain a mystery. Read the full article at FierceHealthPayer

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