Omnibus Budget Reconciliation Act
The Omnibus Budget Reconciliation Act (OBRA) is a federal law enacted in 1990 aimed at reducing the federal budget deficit. It includes various provisions that affect government spending and revenue, particularly in areas like healthcare, education, and social services. The act is designed to streamline budget processes and ensure that federal programs operate within set financial limits.
One significant aspect of OBRA is its impact on the Medicaid program, which provides healthcare to low-income individuals. The law introduced measures to control costs and improve efficiency in Medicaid, while also expanding eligibility for certain groups. Overall, OBRA represents a comprehensive approach to managing the federal budget and addressing fiscal challenges.