Medicare Set Aside News - New CBO Report
New CBO Report Finds H.R. 1063 Will Reduce Medicare spending by $45 million from 2013 to 2022 by modifying the process Medicare is reimbursed by Liability or Workers Compensation Insurers
Last month, the Congressional Budget Office (CBO) released some interesting data statistics and cost estimates to show that HR 1063 will reduce Medicare spending by $45 million from 2013 to 2022. As defined, H.R. 1063 would modify the process Medicare is reimbursed when another payer (for example, a liability or workers' compensation insurer) is responsible for a beneficiary's medical costs. In general, the provisions of H.R. 1063 would make it easier for other payers to repay Medicare, thus reducing program costs.