First in a series
By Loren Adler and Brian Collins
Mac O'Brien contributed to this post.
Last month, the Bipartisan Policy Center (BPC) introduced a report calling for a comprehensive approach to system-wide health care improvement and cost containment. As policymakers consider changes to federal health programs and the tax code, versions of many of the proposals included in our report have entered the national discussion. In this series of posts, we’ll provide a deeper dive into some of our proposals, along with comparisons to similar offerings, and, very importantly, how they fit into broader efforts at reform.
Today, the Congressional Budget Office released its own estimates of the President’s proposals in his fiscal year 2014 budget, including several health-related measures. One such proposal would reduce subsidies to higher-income Medicare beneficiaries by expanding an existing approach known as income-related premiums, and is projected to save $56.3 billion over the next ten years. Similar proposals have been made by both Republicans and Democrats in Congress, and BPC included such a proposal as part of a comprehensive, integrated approach to improving Medicare.