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H.R. 1021, Protecting the Integrity of Medicare Act of 2015 1 (March 16, 2015)

handle is hein.congrec/cbo2143 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE March 16, 2015 H.R. 1021 Protecting the Integrity of Medicare Act of 2015 As ordered reported by the House Committee on Ways and Means on February 26, 2015 SUMMARY H.R. 1021 would make numerous changes to the Medicare and Medicaid programs aimed at improving the accuracy of their payments and reducing fraud and waste. Over the 2015-2025 period, CBO estimates that H.R. 1021 would reduce direct spending by $19 million and increase revenues by $10 million, for a net reduction in deficits of $29 million. Pay-as-you-go procedures apply because enacting the legislation would affect direct spending and revenues. H.R. 1021 would also have discretionary costs, subject to the availability of appropriated funds; CBO has not completed an estimate of those costs. H.R. 1021 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effects of H.R. 1021 are shown in the following table. The costs of this legislation fall within budget functions 550 (health), 570 (Medicare), and 650 (Social Security). BASIS OF ESTIMATE H.R. 1021 would impose new requirements on the Medicare and Medicaid programs to enhance their ability to prevent fraud, waste, and other improper payments. Several provisions would affect direct spending, and one provision would affect revenues. For purposes of this estimate, CBO assumes that H.R. 1021 will be enacted in the spring of 2015.

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