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Although the IFC tr

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Forget the cuts - Medicare spending is still on the rise - D

President Barack Obama’s health care law may cut Medicare spending, but the program’s total spending is still on the rise.

According to updated projections released by the Congressional Budget Office on Wednesday, Medicare and Medicaid spending are expected to grow to a larger share of the nation’s economy over the next 10 years. And the health care law’s insurance subsidies will add to the federal share of health care spending,abercrombie and fitch, too.

The — an update to CBO’s budget and economic outlook — found that Medicare spending will grow from 3.7 percent of the Gross Domestic Product next year to 4.3 percent in 2022.

That’s despite the health care law’s $716 billion in Medicare savings over the next 10 years. Those savings are accomplished mainly by slowing the growth of payments to providers and Medicare Advantage plans,nike air jordan, but Mitt Romney and Paul Ryan have been blasting the cuts as a “raid” on Medicare itself.

Federal Medicaid spending, meanwhile,jordan pas cher, will increase from 1.7 percent of GDP in 2013 to 2.4 percent in 2022. Those projections factor in the Supreme Court decision that made the health care law’s Medicaid expansion optional, CBO stated.

All together,jordan, the three largest mandatory spending programs — Medicare,prada outlet, Medicaid and Social Security — will grow to 12.2 percent of GDP in 2022, or 55 percent of all federal spending.

That doesn’t count the Affordable Care Act’s health insurance subsidies,air jordan, though, which will grow rapidly into a new source of federal spending. By 2022, those subsidies will rise to $123 billion in federal spending,chaussures louboutin, or 0.5 percent of GDP,Read more about,jordan, according to the budget office.

The report found that if everything in current law stays the same,air jordan france, the federal deficit will drop to $641 billion in fiscal 2013, about $500 billion less than in 2012. But that assumes Congress will allow the deep cuts in Medicare provider payments to take place under the Sustainable Growth Rate, and that the sequester will go forward as scheduled.

If Congress cancels the sequester and the Medicare provider cuts — among other things — the deficit would swell to $1 trillion in 2013 under the so-called alternative scenario, CBO reported.

This article first appeared on at 10:38 a.m. on August 22,prada sito ufficiale, 2012.

Party Lines Karl Lagerfeld, Alexander Wang, the Roitfelds, a

Karl Lagerfeld shepherded his angelic-looking godson,Tommy Thompson for,chaussures christian louboutin, toddler Hudson Kroenig,air jordan france, down the red carpet at last night's party forThe Little Black Jacket: Chanel's Classic Revisited,prada borse, a betweenLagerfeld and Carine Roitfeld. Kroenig is no stranger to the limelight,air jordan femme, having walked the Chanel runway ,jordan, and he braved the cameras with aplomb (of course,jordan, Lagerfeld kept a stern gloved hand on his shoulder at all times). The guest list included in Black Jacket,jordan pas cher, including Alexander Wang, who admitted he was "sweating all over the place" during the shoot. "Karl kept asking for towels,abercrombie france," he said. See Frankie Rayder,jordan, Linda Evangelista,air jordan pas cher, and other party guests in our slideshow.

Jason Millman -

<img src="Online-Jason-Millman.jpg" alt="Jason Millman" class="border right">

Jason Millman is a health care reporter for POLITICO Pro and co-author of the morning newsletter Pulse.,jordan

Millman grew up,jordan, like so many other young boys realistic about their limited athletic abilities,air jordan, wanting to write about sports, but destiny had other plans. He’s been covering health care since graduating from Boston University with a journalism degree in 2008.

After surviving too many late nights at BU’s student newspaper,air jordan pas cher, Millman has written for the Boston Herald,abercrombie france,5. Wisconsin 7th District, Worcester Telegram & Gazette,chaussures air jordan, USA Today,christian louboutin, the Hartford Business Journal and The Hill.

An unapologetic fan of the New York Yankees and Giants,abercrombie and fitch france, he believes the Giants’ second Super Bowl victory over New England almost makes up for the two World Series the Red Sox won while he was a college student in Boston. Almost.

Millman,air jordan france, a New Yorker at heart,nike air jordan, is still on the search for a good bagel in Washington.

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