CMS Actuary Releases Cost Analysis of House Health Bill

The health reform bill recently approved by the House will cost $289 billion over the next ten years, according to the chief actuary at the Centers for Medicare and Medicaid Services (CMS). This analysis, however, is not an apple-to-apples comparison of the Congressional Budget Office and Joint Committee on Taxation's cost analyses because CMS doesn't take into account the various tax provisions baked into the legislation.

Additionally, the report claims that the bill falls short of house Democrats' reform goals:

"With the exception of the proposed reduction in Medicare... the provisions of H.R. 3962 would not have a significant impact on future healthcare cost growth rates."

Read the complete story at The Hill by clicking here.

The report from CMS's Chief Actuary can be found by clicking here.