Proposals to Reduce Cost of VA Disability Benefits
In August 2014 the Congressional Budget Office (CBO) released a report on VA disability benefits. The report contains significant information about the cost of disability benefits, the numbers of vets receiving disability benefits, and analyses of the potential consequences of proposed policy changes.
The report opens with some background information. The number of veterans receiving disability benefits increased significantly between 2000 and 2013, from 2.3 million to 3.5 million. This happened despite a decline of around 17 percent in the number of living veterans. VA spending on disability benefits also increased significantly, from $20 billion in 2000 to $54 billion in 2013.
These increases are the result of several important changes: Policy changes that have made it easier for vets to claim benefits, the deployments of hundreds of thousands of military personnel to Iraq and Afghanistan, and challenging labor market conditions in recent years. The amount of time required to process this increased number of claims nearly doubled between 2003 and 2011.
Congress Seeking Ways to Reduce Costs of VA Disability Benefits
The significant growth in spending on VA benefits has resulted in calls for Congress to change how the United States compensates veterans for the …read more
Read more here:: The Rep for Vets – VA Benefits Blog