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Letter to the Honorable Max Baucus [i] (June 2001)

handle is hein.congrec/cbo9236 and id is 1 raw text is: June 11, 2001 Honorable Max Baucus Committee on Finance Chairman United States Senate Washington, DC 20510 Dear Mr. Chairman: The Congressional Budget Office (CBO) has prepared the attached updated estimates of the effect on direct spending of four proposals made during the 106th Congress to establish an outpatient prescription drug benefit in Medicare. Those proposals are: * President Clinton's proposal in the 2000 Mid-Session Review; * Amendment 3598 to H.R. 4577, as introduced by Senator Robb; * S. 2807, as introduced by Senators Breaux and Frist and modified in discussions with staff; and * H.R. 4680, as passed by the House. The updated estimates reflect CBO's current baseline for spending on outpatient prescription drugs by or for the Medicare population and revisions in CBO's estimating methods. Those revisions are based on updated data and intensive review of our methods to ensure the reasonableness and consistency of the estimates. The original proposals all would have established a prescription drug benefit in 2003 or earlier. The updated estimates assume that the benefit would begin in 2004.

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