Medicare Update: CMS Actuaries Weigh In on America's Affordable Health Choices Act

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The Centers for Medicare & Medicaid Services' (CMS) Office of the Actuary recently released a memorandum estimating the financial and coverage effects of the America's Affordable Health Choices Act of 2009 (H.R. 3200) as approved by the House Ways and Means Committee.

According to the memorandum, the H.R. 3200 provisions expanding health insurance coverage (including Medicaid eligibility changes) are estimated to cost about $1 trillion through fiscal year 2019. However, the net savings from the Medicare, Medicaid and growth trend proposals are estimated to total $173 billion, leaving a net cost of $861 billion for the 2010 - 2019 period (before considering any Federal administrative expenses and income tax revenues from a surcharge on high-income individuals or families).
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Link to Memorandum