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Patient Protection and Affordable Care Act: Effect on Long-Term Fedeal Budget Outlook Depends Largely on Whether Cost Containment Is Sustained
Patient Protection and Affordable Care Act: Effect on Long-Term Fedeal Budget Outlook Depends Largely on Whether Cost Containment Is Sustained
 
Our Price: $20.00
By Susan J. Irving (au); James C. Cosgrove (au)
Year: 2013
Pages: 59
Binding Paperback
ISBN 978-1-4578-4460-7

Product Code: 1457844605

Description
 
GAO regularly prepares long-term federal budget simulations under different assumptions about broad fiscal policy decisions. GAOńˇ╗s Baseline Extended simulation and its Alternative simulation both show that the federal budget is on an unsustainable fiscal path driven on the spending side by rising health care costs and the aging of the population. The Patient Protection and Affordable Care Act (PPACA) provides for expanded eligibility for Medicaid and federal subsidies to help individuals obtain private health insurance and includes provisions designed to slow the growth of federal health care spending. This report describes the long-term effects of PPACA on the federal fiscal outlook under both GAOńˇ╗s Baseline Extended and Alternative simulations; how changes in assumptions for federal health care cost growth might affect the outlook; and the key drivers of health care cost growth and how the uncertainty associated with each may influence future health care spending. Tables and figures. This is a print on demand report.

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