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S. 704, Community Based Independence for Seniors Act 1 (July 10, 2015)

handle is hein.congrec/cbo2444 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE July 10, 2015 S. 704 Community Based Independence for Seniors Act As ordered reported by the Senate Committee on Finance on June 24, 2015 SUMMARY S. 704 would establish a demonstration program in the Medicare Advantage (MA) program to test the effectiveness of granting MA plans flexibility to use part of their existing payments to provide for certain long-term care services and supports. The legislation would appropriate $3.5 million for the demonstration program and its evaluation. CBO estimates that enacting S. 704 would increase direct spending by about $4 million over the 2016-2025 period. Pay-as-you-go procedures apply because the bill would affect direct spending. Enacting the bill would not affect revenues. S. 704 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would not affect the budgets of state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of S. 704 is shown in the following table. The costs of this legislation fall within budget function 570 (Medicare). ab

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