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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%.
Federal spending per capita (that is, per person in the U.S.) was approximately $11,551 during 2011, versus $6,338 in 2000. Adjusted for inflation, these amounts were $5,133 in 2011 and $3,496 in 2000. Adjusted for inflation, federal spending per person remained around $3,500 throughout the 1990s.
Medicare is a federal health insurance program in the United ... .9% payroll tax levied on employers and workers (each pay 1. ... 2010–2019 Medicare was projected ...
Most people on Medicare will pay about $2,100 in Part B premiums this year. But high-income beneficiaries will get socked owing as much as $6,708 instead, due to the surcharge they’ll pay known ...
United States portal. v. t. e. The Federal Insurance Contributions Act (FICA / ˈfaɪkə /) is a United States federal payroll (or employment) tax payable by both employees and employers to fund Social Security and Medicare [1] —federal programs that provide benefits for retirees, people with disabilities, and children of deceased workers.
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 ...
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 ...
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 ...
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