Madam President, today I am proud to reintroduce the Preventive Health Savings Act. This bipartisan legislation would reform the Congressional Budget Office's CBO, scoring to better reflect the savings from preventive health initiatives by expanding the budgetary window the CBO evaluates. Currently, the CBO scores the budgetary implications of legislation over a 10-year period. Oftentimes, however, the cost-savings of preventive care are not clear within the current 10-year ``scoring'' window. This legislation would direct the CBO to extend its analysis beyond the existing 10-year budget window to two additional 10-year periods, which will give a truer picture of the benefits of health initiatives and better enable Congress to pass effective policies. Chronic and mental health conditions account for 90 percent of our Nation's $4.1 trillion in annual medical expenditures. In 2018, more than half of U.S. adults had 1 of 10 chronic conditions, and 27.2 percent had multiple chronic conditions, and this number is only expected to grow. Chronic diseases disproportionally affect racial and ethnic minorities. For example, when compared to non-Hispanic White adults, Black adults are 1.6 times, Asian American adults are 1.4 times, Hispanic adults are 1.7 times, American Indian and Alaska Native adults are 2.9 times, and Native Hawaiian and Pacific Islander adults are 2.5 times more likely to be diagnosed with diabetes.…
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