Legislators Try to Stop Cuts in Medicare Spending
October 15, 2009
A recent Tax Foundation Fiscal Fact evaluating the Baucus Plan noted that:
Cuts in Medicare and other health programs ratchet up quickly in the CBO score, reaching $93 billion in 2019 alone and totaling $404 billion between FY 2010 and 2019. Assuming those Medicare cuts continue growing at the same rate after 2019, they could reach a total of $1.8 trillion over the next ten-year period, 2020-2029.
Well some in Washington are trying hard to keep those Medicare cuts from happening. Senate Democrats have introduced a bill that would give doctors a “$247 billion increase in Medicare fees over a decade” and “avert a 21 percent reduction in Medicare fees paid to doctors that is scheduled to take effect in January as well as additional cuts in future years.”
The sneaky part:
By creating a two-bill approach, Democrats intend to claim the more comprehensive health care measure meets President Barack Obama’s conditions – that it will neither add to deficits nor exceed $900 billion in costs over 10 years.
Was this page helpful to you?
The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work?Contribute to the Tax Foundation
Let us know how we can better serve you!
We work hard to make our analysis as useful as possible. Would you consider telling us more about how we can do better?Give Us Feedback