Sunday, July 23, 2017

Medicare Part C Updated From 2017 Trustee Report

Usgovernmentspending.com has updated its estimate of Medicare Part C, the Medicare Advantage program using data in the Medicare Trustees Report of 2017 that was released July 13, 2017. You can see the results here.

The Budget of the United States Government reports Medicare outlays as a single line item, subfunction 571 in Historical Table 3.2, but Usgovernmentspending.com shows a breakdown of the Medicare program into its constituent parts, as follows:
  1. Part A: Hospital Insurance
  2. Part B: Supplementary Medical Insurance
  3. Part C: Medicare Advantage
  4. Part D: SMI Drug Plan
These data are constructed from data in the Public Budget Database and Table IV.C2 in the Medicare Trustees Report 2017. You can inspect the extracted data from Medicare Trustees Reports Table IV.C2 here.

See the blog entry that introduced Medicare Part C here.

Medicare/Social Security 2017 Trustee Reports Released

On July 13, 2017, the Center for Medicare Services released its annual Medicare Trustees Report, which projects Medicare spending out to 2090.  As in the past, the report shows that federal health-care programs will eat the budget.

UsGovernmentspending.com has updated its chart of the Medicare Outlook here based on data in the 2017 Medicare Trustees Report.  You can download the data and also view selected Medicare Trustee forecasts going back to 2005.

On July 13, 2017, the Social Security Administration released its annual OASDI Trustees Report, which projects Social Security spending out to 2090.  As in the past, the report shows that Social Security spending will max out at about 6 percent of GDP.

UsGovernmentspending.com has updated its chart of the Social Security Outlook here based on data in the 2017 OASDI Trustees Report.  You can download the data and also view selected OASDI Trustee forecasts going back to 1997.

Wednesday, May 24, 2017

Final Federal Budget for FY18 Released

On May 23, 2017, we updated usgovernmentspending.com with the numbers from the historical tables in the Budget of the United States Government for Fiscal Year 2018. Actual revenue for FY 2016 and estimated revenue through FY 2022 come from Historical Tables 2.1, 2.4, and 2.5. Actual spending for FY 2016 and estimated spending at the subfunction level through FY 2022 come from Table 3.2. Budget Authority estimates come from Table 5.1, federal debt estimates come from Table 7.1 and GDP estimates come from Table 10.1. Intergovernmental transfers come from Table 12.3.

Here is how headline budget estimates for the upcoming FY 2018 fiscal year have changed since the release of the FY 2017 budget a year ago in 2016.

FY 2018 Federal Budget Changes Since 2016
$ billionEstimate in
FY17 Budget
Estimate in
FY18 Budget
Change
Federal Outlays$4,352.2$4,094.5-$257.7
Federal Receipts$3,898.6$3,654.3-$244.3
Federal Deficit$453.6$440.2-$13.4

You can see line item changes from budget to budget here. You can compare budget estimates with actuals here.

Account level spending estimates through FY 2022 come from the Outlays table in the Public Budget Database and were updated on usgovernmentspending.com on May 23, 2017.

Account level budget authority estimates through FY 2022 come from the Budget Authority table in the Public Budget Database and were updated on usgovernmentspending.com on May 23, 2017.