Simpson

Deficit-reduction plan to gain $600 billion from lower provider payments and higher beneficiary premiums

Deficit-reduction plan to gain $600 billion from lower provider payments and higher beneficiary premiums

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The co-chairs of President Barack Obama's deficit reduction commission are promoting a way to achieve $600 billion in healthcare "savings" in a new version of their deficit reduction plan. Medicare and Medicaid cuts would be targeted over the next 10 years.