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CBO projected in February 2013 that under the sequester and Budget Control Act caps: Discretionary spending outlays will be reduced from $1,285.3 billion in 2012 to $1,213.9 billion in 2013, a reduction of $71.4 billion or 5.6%. Discretionary spending will fall again to $1,170.0 billion in 2014, a decrease of $42.8 billion or 3.6%.
The grand bargain was an attempted political compromise during the 2011 budget debates in the United States Congress. Lawmakers were under pressure to pass a budget before automatic spending cuts known as sequestration took effect on August 4, 2011. [1] [2] President Barack Obama advocated historic cuts to social security, Medicare, and ...
Budget sequestration is a provision of United States law that causes an across-the-board reduction in certain kinds of spending included in the federal budget. Sequestration involves setting a hard cap on the amount of government spending within broadly defined categories; if Congress enacts annual appropriations legislation that exceeds these ...
In what has become an all-too-familiar ritual, the House of Representatives on Thursday voted to postpone a 25% Medicare pay cut for doctors that was scheduled to take effect Jan. 1. The 409-2 ...
First, the good news: According to a report released by the White House on Monday, America's new health reform law will generate $575 billion in Medicare cost savings over the next decade ...
The Protecting Access to Medicare Act of 2014 (H.R. 4302; Pub. L. 113–93 (text) (PDF)) is a law that delayed until March 2015 a pending cut to Medicare physician payment, a cut that had been regularly delayed for over a decade. [1][2] Because the law only delayed and did not repeal the physician payment cut, it was a source of controversy. [2][3]
The list prices for the drugs will be reduced between 38% and 79%. Most are in the 60% range. The new prices will go into effect for people with Medicare Part D prescription drug coverage ...
The reauthorization of the Temporary Assistance for Needy Families program was also contained in the bill, as was the provision for the Digital Transition and Public Safety Act of 2005. Part of the TANF reauthorization reduces the threshold for passport denial for child support arrearages under 42 USC 652 (k) to $2,500.