The Lower Health Care Costs Act (S. 1895), introduced in June, contains many provisions intended to lower the cost of healthcare to individuals and to the federal government, and it extends funding for several federal healthcare programs, according to a Congressional Budget Office cost estimate.

CBO and the staff of the Joint Committee on Taxation (JCT) estimate that several of the bill’s provisions would reduce the cost of health insurance subsidized by the federal government – through Medicare, Medicaid, the health insurance marketplaces established under the Affordable Care Act, or employment-based plans.

CBO assumes the bill will be enacted near the end of fiscal year 2019 and that the authorized amounts will be appropriated each year.

Read more at Healthcare Purchasing News.