From: Regulatory Studies Center | GW Columbian College of Arts and Sciences
By Bridget C.E. Dooling
Cutting red tape in the Medicare program delivers cost savings while other deregulatory efforts fall short
Executive Order 13771 imposed new constraints on executive branch regulatory agencies, directing them to cut two rules for any new rule issued and to offset any costs imposed by new rules. The Regulatory Reform Report for fiscal year (FY) 2018, issued last month by the Office of Information & Regulatory Affairs (OIRA), provides an update on agency actions over the course of the year. It shows a present value estimate of $23.4 billion in “overall regulatory costs” saved.