CBO Reports Medicare Spending Growth Slower Than Expected

Circle Connections: Policy & Regulatory Updates The Congressional Budget Office released a report, "The Budget and Economic Outlook: Fiscal Years 2012 to 2022," that finds that Medicare spending growth is slowing, although the program will take up a larger share of the economy in a decade than it does now. In an update to its January report on the nation's budget and economic outlook, CBO said that outlays for Medicare will total 3.7 percent of the gross domestic product in 2013, rising to 4.3 percent of GDP in 2022, as enrollment in the program increases. But the . . .