WASHINGTON (Reuters) - A White House proposal to establish an independent council to set Medicare fees and other changes to the government health program for the elderly could save up to $2 billion from 2016 through 2019, the Congressional Budget Office said on Saturday.
The nonpartisan CBO said, however, that the plan, if added to a sweeping healthcare reform bill, could also easily produce no additional savings because it lacks specific goals and proposes no "fall-back" mechanism to ensure cost-reduction objectives are met.
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