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H.R. 4015, SGR Repeal and Medicare Provider Payment Modernization Act of 2014 1 (March 12, 2014)

handle is hein.congrec/cbo1555 and id is 1 raw text is: Estimate for H.R. 4015, the SGR Repeal and Medicare Provider Payment Modernization Act of 2014, as introduced, with an amendment offered by Mr. Camp (Camp_042) as posted on the website of the Committee on Rules on March 11, 2014 (Billions of dollars, bv fiscal vear) 2014 - 2014- 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2019 2024 CHANGES IN DIRECT SPENDING H.R. 4015 as introduced 5.3 10.6 11.2 10.7 10.7 11.7 13.4 14.7 16.6 17.4 16.1 60.2 138.4 Amendment offered by Mr. Camp Total Changes in Direct Spending Amendment offered by Mr. Camp On-budget Off-budget -4.4 -21.6 -33.4 -35.6 -36.9 -19.1 0.9 -11.0 -22.2 -25.0 -26.2 -7.4 -9.0 -5.4 -2.0 -1.0 -1.1 -151.0 -169.5 4.4 9.2 14.7 16.4 15.0 -90.7 -31.1 CHANGES IN REVENUES 1.2 0.6 0.6 5.1 2.4 2.8 3.3 1.1 2.1 -1.1 -3.0 -1.9 -3.2 0.9 0.3 -4.7 -4.8 0.1 -2.8 -2.5 -1.8 -2.0 -2.2 -2.8 -1.9 -1.1 -1.1 -1.2 * -0.6 -0.7 -0.8 -1.0 0.8 -10.4 -5.9 -13.9 6.7 3.5 NET INCREASE OR DECREASE (-) IN THE DEFICT FROM CHANGES IN DIRECT SPENDING AND REVENUES Net Changes in Deficitsa On-budget Off-budget -0.3 -16.1 -25.5 -23.9 -23.2 0.3 -13.3 -23.3 -23.0 -22.9 -0.6 -2.8 -2.1 -0.9 -0.3 -2.7 -2.5 -0.1 7.1 11.8 16.4 18.4 17.2 -91.6 -20.7 7.1 11.1 15.7 17.5 16.2 -84.9 -17.2 * 0.6 0.7 0.8 1.0 -6.7 -3.5 Sources: Congressional Budget Office; staff of the Joint Committee on Taxation (JCT). Notes: Components may not sum to totals because of rounding. * = between -$50 million and $50 million. Estimates assume enactment by the end of March 2014 and are relative to CBO's February 2014 baseline. The Camp amendment would retain the requirement to maintain minimum essential coverage beginning in 2014; however, there would be no penalty payment for failing to comply with that requirement prior to 2019. The amendment would shift the schedule of penalties for people who do not comply with the mandate to begin in 2019. CBO and JCT estimate that enacting the amendment would increase the number of people without health insurance coverage in 2018-relative to current-law projections-by about 13 million people, resulting in 43 million uninsured in that year. That increase in the uninsured population would consist of roughly 5 million fewer individuals with coverage under Medicaid or the Children's Health Insurance Program, 1 million fewer individuals with employment-based coverage, and 7 million fewer individuals with coverage obtained in the individual market (including individual policies purchased in the exchanges or directly from insurers in the nongroup market). Similar changes in coverage would occur in most other years in which there would be no penalty payment for failing to comply with the individual mandate. After 2018, smaller changes in coverage relative to current law would occur. CBO and JCT estimate that premiums in 2018 for policies in the individual market would increase by 10 percent to 20 percent relative to current law, and in most other years in which there would be no penalty payment for failing to comply with the individual mandate. a. Positive numbers indicate an increase in the deficit, negative numbers indicate a decrease in the deficit. March 12. 2014

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