Balanced Budget Act of 1997
Encyclopedia
The Balanced Budget Act of 1997, , was signed into law on August 5, 1997. It was an omnibus legislative package enacted using the budget reconciliation process and designed to balance the federal budget by 2002.
According to the Congressional Budget Office, the act would 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 total $127 billion. Medicare cuts are responsible for $112 billion, and hospital inpatient and outpatient payments cover $44 billion.
In order to reduce Medicare spending, it reduced payments to health service providers such as hospitals, doctors and nurse practitioner
s. However, some of those changes to payments were restored by subsequent legislation in 1999 and 2000.
According to the Congressional Budget Office, the act would 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 total $127 billion. Medicare cuts are responsible for $112 billion, and hospital inpatient and outpatient payments cover $44 billion.
In order to reduce Medicare spending, it reduced payments to health service providers such as hospitals, doctors and nurse practitioner
Nurse practitioner
A Nurse Practitioner is an Advanced practice registered nurse who has completed graduate-level education . Additional APRN roles include the Certified Registered Nurse Anesthetist s, CNMs, and CNSs...
s. However, some of those changes to payments were restored by subsequent legislation in 1999 and 2000.
See also
- Gramm-Rudman-Hollings Balanced Budget ActGramm-Rudman-Hollings Balanced Budget ActThe Gramm-Rudman-Hollings Balanced Budget and Emergency Deficit Control Act of 1985 and Budget and Emergency Deficit Control Reaffirmation Act of 1987 were, according to U.S...
- Budget Enforcement Act of 1990Budget Enforcement Act of 1990The Budget Enforcement Act of 1990 was enacted by the United States Congress as title XIII of the Omnibus Budget Reconciliation Act of 1990 to enforce the deficit reduction accomplished by that law and revise the budget control process of the Federal Government...
- Medicare, Medicaid, and SCHIP Balanced Budget Refinement Act of 1999Medicare, Medicaid, and SCHIP Balanced Budget Refinement Act of 1999The Medicare, Medicaid, and SCHIP Balanced Budget Refinement Act of 1999 is a federal law of the United States, enacted in 1999. The BBRA was first introduced into the House as H.R. 3075 on October 14, 1999 by Rep. William M. Thomas with 75 cosponsors...
External links
- Act in Full, Legislative History