Obama budget sets Medicare savings, hospitals seek reprieve

Chicago Tribune / Reuters, March 5, 2014
President Barack Obama's budget plan for 2015 would save $402 billion from the Medicare and Medicaid government healthcare programs for the elderly and poor over the next 10 years, primarily due to reduced reimbursement to healthcare providers and drugmakers. A White House budget proposal for the fiscal year beginning October 1, released on Tuesday, would save more than $350 billion by pursuing a familiar menu of options that range from increased drug rebates to more efficient post-acute care, reduced hospital admissions and new means testing for Medicare. The proposals are not expected to be enacted by Congress, where lawmakers are pursuing their own budget plans.

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