Wednesday, February 20, 2013

Simpson, Bowles' New Deficit Framework Calls For $600 Billion In Health Cuts


Simpson, Bowles' New Deficit Framework Calls For $600 Billion In Health Cuts-insidehealthpolicy:The co-chairmen of the White House's 2010 deficit-reduction panel released a new framework for a deficit reduction plan Tuesday (Feb. 19) that would strip $600 billion from health care spending over 10 years by adjusting benefits to adjust for an aging population, reducing drug costs, means testing Medicare premiums, cutting provider payments and moving forward with other delivery system reforms in 2013. The new Simpson-Bowles proposal requires additional health care reforms if necessary to limit per beneficiary health care spending to near the growth rate of the economy in 2018.