Balanced Budget Act of 1997
According to the Congressional Budget Office, the act would result in $160 billion in spending reductions between 1998 and 2002. After taking into account an increase in spending on Welfare and Children's Healthcare, the savings total $127 billion. Medicare cuts are responsible for $112 billion, and hospital inpatient and outpatient payments cover $44 billion. [1] In order to reduce Medicare spending, it reduced payments to health service providers such as hospitals, doctors and nurse practitioners.[2] However, some of those changes to payments were restored by subsequent legislation in 1999 and 2000.
http://en.wikipedia.org/wiki/Balance...et_Act_of_1997
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