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Congressional Budget Office

CBO cuts estimates for Obamacare costs, long-term U.S. deficits

March 9, 2015 By MassDevice Leave a Comment

CBO cuts estimates for Obamacare costs, long-term U.S. deficits

(Reuters) — U.S. Congressional forecasters today once again cut their estimate of Obamacare’s costs, citing unexpectedly less spending on premium subsidies and lower enrollment rates through exchanges set up under the 2010 reform.

Filed Under: Healthcare Reform, News Well Tagged With: Congressional Budget Office

Former CBO director calls for an end to the medtech tax | MassDevice.com On Call

January 8, 2014 By Arezu Sarvestani Leave a Comment

MassDevice.com On Call

MASSDEVICE ON CALL — American Action Forum president and former Congressional Budget Office director Douglas Holtz-Eakin called for an end to the 2.3% medical device tax, calling the levy a "policy lemon" that unfairly injures small businesses that are incubators of innovation.

Filed Under: News Well Tagged With: American Action Forum, Congressional Budget Office, On Call

A penny spent is a penny earned in Canadian heart research | MassDevice.com On Call

August 2, 2013 By Sony Salzman Leave a Comment

MassDevice On Call

MASSDEVICE ON CALL — An Canadian study of the return on investment in heart research found that for every $1 spent on cardiovascular research, the nation sees a 21% income stream.

Heart research in Canada is mostly funded by the government and by nonprofit organizations in the Great White North.

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Filed Under: Cardiovascular, News Well, Research & Development Tagged With: Congressional Budget Office, On Call

Healthcare reform will help lower the federal deficit, CBO says | MassDevice.com On Call

May 21, 2013 By Arezu Sarvestani Leave a Comment

MassDevice On Call

MASSDEVICE ON CALL — President Barack Obama’s proposed changes to Medicare and other program could help significantly reduce spending, lower the national debt and cut deficit spending over the next 10 years, according to the Congressional Budget Office’s calculations.

If enacted, President Obama’s policies would cut about $1.1 trillion in deficit spending between 2014 and 2023, compared with the CBO’s baseline for those years, the office reported last week. Deficits would initially grow between 2013 and 2015 but decrease by increasing amounts thereafter, the CBO said.

Filed Under: Healthcare Reform, Medicare, News Well Tagged With: Congressional Budget Office, On Call

CBO to Paul Ryan: Repealing Obamacare will increase deficit | MassDevice.com On Call

May 16, 2013 By Brad Perriello Leave a Comment

MassDevice On Call

MASSDEVICE ON CALL — The Congressional Budget Office is looking to pour cold water on Republican attempts to repeal the Patient Protection & Affordable Care Act in advance of today’s vote in the U.S. House of Representatives.

In a letter to Rep. Paul Ryan (R-Wis.), CBO director Doug Elmendorf warned the former vice presidential hopeful that repealing the landmark healthcare law would result in "a net increase in budget deficits of $109 billion over the 2013-2022 period."

Filed Under: Healthcare Reform, News Well Tagged With: Center for Devices and Radiological Health (CDRH), Congressional Budget Office, Dept. of Health & Human Services (HHS), On Call, U.S. Congress

Medicare: Bipartisan bill would make ‘doc fix’ permanent | MassDevice.com On Call

February 7, 2013 By MassDevice staff Leave a Comment

MassDevice On Call

MASSDEVICE ON CALL — A bipartisan U.S. House bill would end the cycle of so-called "doc fixes" that have averted Medicare reimbursement cuts since rate hikes were linked to the sustainable growth rate in 1997.

Legislators most recently enacted a bypass of a looming rate cut last month as part of the fiscal cliff negotiations, averting a 27% pay cut for Medicare payments to physicians.

Filed Under: News Well Tagged With: Centers for Medicare and Medicaid Services (CMS), Congressional Budget Office, On Call, U.S. Congress

FDA unveils reorganized device review unit | MassDevice.com On Call

November 9, 2012 By MassDevice staff Leave a Comment

MassDevice On Call

MASSDEVICE ON CALL — The FDA’s medical device review arm unveiled a new organization scheme, adding a pair of new review divisions and 12 new branches.

The Center for Devices & Radiological Health began operating under the new plan at the start of the month, featuring separate divisions for surgical and for neurological/physical medicine devices.

The agency hopes to "reduce the manager to staff ratios and better align product areas as well as accommodate the new MDUFA hires that will be coming into the Center," according to the FDA Law Blog.

Filed Under: Food & Drug Administration (FDA), News Well Tagged With: AliveCor, Center for Devices and Radiological Health (CDRH), Congressional Budget Office, Freedom Innovations, On Call

MassDevice.com +3 | The top 3 med-tech stories for July 24, 2012

July 24, 2012 By MassDevice staff Leave a Comment

Plus 3

Say hello to MassDevice +3, a bite-sized view of the top three med-tech stories of the day. This feature of MassDevice.com’s coverage highlights our 3 biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.

If you read nothing else today, make sure you’re still in the know with MassDevice +3.

Filed Under: Healthcare Reform, Legal News, News Well, Robotics, Women's Health Tagged With: C.R. Bard, Congressional Budget Office, Intuitive Surgical, Prostate

CBO: Supreme Court decision cuts healthcare reform’s deficit spending in half

July 24, 2012 By MassDevice staff Leave a Comment

Capitol Hill

The Supreme Court’s decision on the Affordable Care Act, while keeping healthcare reform intact, may have cut the measure’s deficit spending potential nearly in half.

The non-partisan (yet frequently contested) Congressional Budget Office released today an updated estimate of the costs associated with the ACA, taking into account new provisions for Medicaid expansion given the Supreme Court’s recent rulings.

Filed Under: Healthcare Reform, News Well Tagged With: Congressional Budget Office

CBO: U.S. device excise tax repeal would cost $30 billion over 10 years

June 11, 2012 By MassDevice Leave a Comment

Global Medicine

By Stewart Eisenhart, Emergo Group

Ahead of highly anticipated US Congressional votes to repeal the planned 2.3% medical device excise tax, an analysis by the Congressional Budget Office anticipates $29.1 billion in lost federal revenues through 2022 if the repeal goes into effect.

Filed Under: News Well Tagged With: Congressional Budget Office, Emergo Group

MassDevice.com +3 | The top 3 med-tech stories for June 5, 2012.

June 5, 2012 By MassDevice staff Leave a Comment

Plus 3

Say hello to MassDevice +3, a bite-sized view of the top three med-tech stories of the day. This feature of MassDevice.com’s coverage highlights our 3 biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.

If you read nothing else today, make sure you’re still in the know with MassDevice +3.

Filed Under: News Well, Women's Health Tagged With: AG MedNet, Congressional Budget Office, Johnson and Johnson

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