News Report | February 23, 2020
CBO Projects 2030 Medicare Spending At $1.7 Trillion Under Current Policies
The Congressional Budget Office (CBO) projects that under current policies, Medicare spending will total $1.7 trillion in 2030. The 2030 estimate represents an increase of 122% over the $775 billion in Medicare spending in 2019. A key driver is higher-than-previously projected Medicare Advantage costs, as well as increased Medicare enrollment. CBO also anticipates that more Medicare Advantage beneficiaries will be in poorer health than CBO previously anticipated.
Compared to the CBO’s August 2019 baseline Medicare outlay for 2020 to 2029, the January 2020 budget outlook anticipates the impact of economic and technical changes to the projection . . .