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A mixed picture emerges from a new study commissioned by the Peter G.Peterson Foundation on America's Affordable Health Choices Act of 2009 (H.R. 3200).
The study examines the most recent version of Patient Protection and Affordable Care Act and the House-passed Affordable Health Care for America Act, and it provides the first long-term comparative analysis of the costs of the House and Senate health care reform legislation.
Medicare’s financial problems affect the entire budget, and are largely responsible for projected increases in federal deficits.
The rapid growth in health care costs is the largest and fastest growing fiscal challenge.
Controlling our structural budget deficits will require major changes in budget policy.
The report focuses on the fiscal conditions in six heavily populated states which together account for a third of the nation's population and almost 40 cents of every dollar in spending by state and local governments.
Most Medicaid dollars are spent on disabled and elderly beneficiaries, whose incomes and financial resources are low enough to qualify for the program.
Who Pays For Medicare?
The Trustees warn that Congress and the Administration should work "with a sense of urgency" to put the program on a sustainable path.