This bill, known as the HEALTH Panel Act , formally establishes the Panel of Health Advisors within the Congressional Budget Office (CBO) by amending the Congressional Budget and Impoundment Control Act of 1974. The Panel's core purpose is to provide technical and functional expertise to improve the CBO's studies, analysis, and cost estimates related to health and healthcare issues and policies. The Panel's duties include meeting at least annually and issuing an annual report to the House and Senate Budget Committees, detailing its work and recommendations. This report must also include a description from the CBO Director on how these recommendations were utilized. Key priority areas for the Panel's expertise cover non-economic and economic studies , official cost estimates for proposed healthcare legislation, models for projecting policy impacts, and healthcare components of various CBO publications. The Panel will consist of 15 members , appointed by the chairs and ranking minority members of the House and Senate Budget Committees, and the Director of the CBO. Members are expected to possess national recognition for their expertise across diverse fields such as health finance, actuarial science, life sciences, and healthcare systems. They will serve 3-year staggered terms , limited to two terms, and operate as special Government employees, with the CBO Director designating the chair and vice chair.