Budget & Appropriations – House Set To Markup Entitlement Cut Legislation

The House Energy and Commerce Committee begins its markup session today on two spending reduction measures, including the Common Sense Savings Act (H.R. 4725). This bill would cut $25 billion over 10 years by shifting Medicaid and Children’s Health Insurance Program (CHIP) costs to states and repeals the Prevention and Public Health Fund.  On Wednesday, the House Ways and Means Committee, is expected to take up H.R. 4723 that would recover health insurance subsidy overpayments due to underreported income estimates in health insurance exchange plan applications.

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