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Wed Nov 14, 2012, 10:15 AM

Liberal group outlines $385B in Medicare cuts [View all]

Source: AP

WASHINGTON (AP) ó Hoping to head off wider health care cuts in upcoming budget talks, a think tank close to the White House is unveiling a plan for how to save $385 billion, mostly from Medicare.

Medicaid and the new health care law are largely spared from cuts in the blueprint being released Wednesday by the liberal-leaning Center for American Progress. Instead, it targets Medicare service providers, from the pharmaceutical industry to hospitals and nursing homes. And higher-income Medicare recipients would face increased monthly premiums for outpatient and prescription coverage.

After taxes, health care costs are probably the thorniest issue facing policymakers looking for a way to avoid the so-called fiscal cliff, an economically toxic combination of tax increases and spending cuts looming Jan. 1 if compromise fails.

Rising health care costs are the most stubborn element of the nationís long-term budget woes. At the same time, a recent report for the government estimated that the U.S. health care system squanders $750 billion a year, about 30 cents of every medical dollar.

-snip-

Read more: http://www.salon.com/2012/11/14/liberal_group_outlines_385b_in_medicare_cuts/

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Reply Liberal group outlines $385B in Medicare cuts [View all]
DonViejo Nov 2012 OP
1StrongBlackMan Nov 2012 #1
Blue State Bandit Nov 2012 #11
meow2u3 Nov 2012 #23
JoeyT Nov 2012 #17
1StrongBlackMan Nov 2012 #21
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1StrongBlackMan Nov 2012 #28
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