Balanced Budget Act of 1997

After taking into account an increase in spending on Welfare and Children's Healthcare, the savings totaled $127 billion.

The Balanced Budget Act was introduced on June 24, 1997, by Republican Ohio Representative John R.

[6] The Balanced Budget Act aimed to earn federal savings within the Medicaid system in three areas.

The five-year savings goal was $116.4 billion which would be achieved by limiting growth rates in payments to hospitals and physicians under fee-for-service arrangements.

[7] Beneficiaries of Medicaid were also affected by the spending cuts on the health system in order to save money.

[7] Despite the increase in premium price beneficiaries would also see improvements in their health care coverage following the enactment of the Balanced Budget Act.

[7] A few examples of new things that would be covered with this new plan are annual mammograms and pap smears with no deductibles, prostate exams, diabetes self-management services, and colorectal cancer screening.

This program was created with the enactment of the Balanced Budget Act and it is an attempt to reduce the number of low-income children, under the age of nineteen, that are uninsured and not eligible for Medicaid.