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Ouch! Industry Reacts to Obama Budget Proposal

Yesterday's New York Times covered President Obama's proposed health care spending reductions in fair detail:

President Obama's budget director said Monday that the president's new deficit-reduction plan would impose "a lot of pain," and that is clearly true of White House proposals to cut $320 billion from projected spending on Medicare and Medicaid in the coming decade.
. . .

The White House said Mr. Obama's proposals would cut $248 billion from the projected growth of Medicare in the next 10 years, while shaving $72 billion from Medicaid and other health programs. A large share of the Medicare savings would, in effect, be used to pay doctors, who would otherwise face deep cuts in the fees they receive for treating Medicare patients.

Read the entire article on the New York Times website.

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This page contains a single entry from the blog posted on September 21, 2011 9:09 AM.

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