House and Senate Republican lawmakers began working on a budget this week that could propose slashing Medicare and Medicaid in an effort to work toward a balanced budget without fiddling with tax rates, according to published reports.
A Republican budget plan unveiled in the House of Representatives Tuesday would slash healthcare spending by $732 billion over the next decade, in part by reengineering Medicaid. The proposed changes could jeopardize benefits for a huge number of nursing home residents, critics said.
Last month, the skilled sector figured out sequester cuts would cost providers more than $782 million in payments. Then Paul Ryan broke out the meat cleaver.
Rep. Paul Ryan (R-WI) submitted a proposed budget calling for large cuts to Medicaid and partial privatization of Medicare on Tuesday. The budget — which includes repealing the Affordable Care Act — would save the federal government $2.5 trillion in healthcare costs over the next decade, according to Ryan.
A Medicare reform proposal touted as a "premium support" plan has drawn criticism from the White House, other Democrats and Medicare advocates.