5 авг 1997 г. - Balanced Budget Act of 1997

Описание:

The Balanced Budget Act of 1997 (Pub. L. 105–33, 111 Stat. 251) was an omnibus legislative package enacted by the United States Congress, using the budget reconciliation process, and designed to balance the federal budget by 2002. This act was enacted during Bill Clinton's second term as president.

According to the Congressional Budget Office, the act was to result in $160 billion in spending reductions between 1998 and 2002. After taking into account an increase in spending on Welfare and Children's Healthcare, the savings totaled $127 billion. Medicare cuts were responsible for $112 billion, and hospital inpatient and outpatient payments covered $44 billion. In order to reduce Medicare spending, the act reduced payments to health service providers. However, some of those changes to payments were reversed by subsequent legislation in 1999 and 2000.

The act changed key components of Medicaid that help to improve and expand Medicaid itself. The bill proposed a plan to get federal Medicaid savings, federally, in three areas. The bill also aimed to expand federal and state authority within the Medicaid system. The bill also established two new block grants to child health and to the states. These grants helped to bring in money to Medicaid systems for children and people in the states being funded to use to improve their Medicaid systems.

It also created the State Children's Health Insurance Program which gives low income children healthcare coverage.

The law introduced what would later be named Medicare Advantage under the name Medicare+Choice.

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