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Obama offers broad plan to revamp healthcare

New York Times, February 27, 2009

President Obama's budget would make a down payment toward his goal of covering the uninsured, and he would pay for it in part by cutting federal payments to hospitals, insurance companies, and drug companies. He would also increase premiums charged to Medicare beneficiaries with higher incomes for prescription drug coverage. Obama said he would save $176 billion over 10 years by cutting Medicare payments to health insurance companies that provide comprehensive care to more than 10 million of the 44 million Medicare beneficiaries.