Omnibus Budget Reconciliation Act

The Omnibus Budget Reconciliation Act (OBRA) is a federal law enacted in 1990 that aims to adjust and balance the federal budget by implementing various changes in government spending and revenue. It includes provisions for Medicaid and Medicare, impacting healthcare funding and access. OBRA also introduced specific regulations for welfare programs and set limits on federal spending. By combining multiple budget provisions into one comprehensive law, it allowed for streamlined legislative changes while addressing important fiscal issues affecting Americans and government programs. The act has undergone revisions over the years to adapt to changing economic and social conditions.