CONGRESSIONAL BUDGET OFFICE

Congressional Budget Office Testimony

Congressional Budget Office

The Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation (JCT) have completed an estimate of the direct spending and revenue effects of an amendment in the nature of a substitute to H.R. 4872, the Reconciliation Act of 2010. The amendment discussed in this letter (hereafter called “the reconciliation proposal”) is the one that was made public on March 18, 2010, as ...

Congress of the United States Congressional Budget Office

Congress of the United States Congressional Budget Office

NOTES Unless otherwise indicated, all years referred to in Chapter I are calendar years and all years in Chapter II are fiscal years. "Growth during 1988" or "growth in 1988" means growth from the end of 1987 to the end of 1988 except where otherwise specified. "Growth between 1987 and 1988" means the percentage difference between the annual average levels in 1987 and 1988. Unemployment rates t...

Working Paper Series Congressional Budget Office Washington, D.C. PRIVATE SAVINGS, MEDICAID AND UNCERTAIN NURSING HOME EXPENSES

The Medicaid program is the largest payer of nursing home services in the nation. The magnitude of program spending and the anticipated program growth as the baby boom cohort ages have raised questions about how Medicaid affects private savings. This paper, which extends previous research, examines how high but uncertain nursing home expenses interact with Medicaid assistance to affect the savi...