Obama Proposes Big Cuts to Medicare, Medicaid
By Adriel Bettelheim
CQ Staff
President Obama on Saturday outlined a series of Medicare and Medicaid cuts he said would slice $313 billion in payments over 10 years so that the savings could be applied toward an overhaul of the U.S. health system.
The cuts come on top of Medicare and Medicaid revisions Obama requested earlier this year in his fiscal 2010 budget proposal; together with those cuts the White House is now proposing a total of $622 billion in Medicare and Medicaid revisions over 10 years, most of it from Medicare.
Obama used his weekly radio address to call for slowing annual Medicare payment increases to hospitals, medical device-makers, outpatient treatment facilities and other providers in order to encourage them to deliver more cost-effective care.
He also advocated cutting federal subsidies for hospitals that treat the uninsured, and paying lower prices for drugs under Medicare’s outpatient prescription drug benefit.
(More here.)
CQ Staff
President Obama on Saturday outlined a series of Medicare and Medicaid cuts he said would slice $313 billion in payments over 10 years so that the savings could be applied toward an overhaul of the U.S. health system.
The cuts come on top of Medicare and Medicaid revisions Obama requested earlier this year in his fiscal 2010 budget proposal; together with those cuts the White House is now proposing a total of $622 billion in Medicare and Medicaid revisions over 10 years, most of it from Medicare.
Obama used his weekly radio address to call for slowing annual Medicare payment increases to hospitals, medical device-makers, outpatient treatment facilities and other providers in order to encourage them to deliver more cost-effective care.
He also advocated cutting federal subsidies for hospitals that treat the uninsured, and paying lower prices for drugs under Medicare’s outpatient prescription drug benefit.
(More here.)
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