Medicare budget debate comes down to who does trimming
Bloomberg BusinessWeek, March 29, 2012
Both political parties are proposing to cut the $500 billion-a-year healthcare program for the elderly. They disagree as to how. Republicans want to rely on the marketplace, saying competition can be harnessed to drive down costs. Democrats say a panel of experts, created in the Obama administration's 2010 healthcare overhaul, should decide how to wring savings from the program. The fight takes center stage as the U.S. House considers a budget resolution endorsing Republicans' vision for the half- century-old program. It probably will win adoption today after lawmakers dispense with some competing budget proposals, including one modeled on the deficit plan recommended by the leaders of President Barack Obama's debt-reduction commission.
Most Viewed
Most Emailed
- Primary Care Docs Average More Hospital Revenue Than Specialists
- How Chargemaster Data May Affect Hospital Revenue
- $6.4B Henry Ford, Beaumont Merger Failed on Cultural Hurdles
- House Lawmakers Grill CMS Over Health Exchange Navigators
- Fortunately, Angelina Jolie Isn't On Medicare
- ED Physicians Key to Half of Hospital Admissions
- Don't Let Nurses Sink Your Bottom Line
- Insurer's App Aims to Lower Healthcare Costs, Securely
- 69% of Employers Plan to Offer Healthcare Coverage After 2014
- Q&A: Catholic Health Initiatives' New Senior VP for Capital Finance
