Obama Budget Would Save $153B In Health Spending: CBO

Law360, New York (May 17, 2013, 6:01 PM ET) -- The president's budget proposal for the 2014 fiscal year would save the U.S. government $153.6 billion in health care spending over 10 years, the biggest chunk of which would come from applying Medicaid's prescription drug rebates to dual eligible beneficiaries, the Congressional Budget Office said Friday.

In an analysis of President Barack Obama's budget proposal, the CBO found that his proposed changes to Medicare and other federal health spending would save the government $153.6 billion from 2014 through 2023.

The biggest savings, $133.7 billion, would come...
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