Democrats Offer Healthcare Cuts in Debt Talks

Wednesday, 06 Jul 2011 11:04 AM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The Obama administration is dangling billions in cuts to Medicare and Medicaid in front of GOP negotiators. However, the depth of the cuts depends on whether the Republicans will accept tax increases, The New York Times reported.

Medicare, Medicaid, Charles Schumer, tax increases
Charles Schumer
Sen. Charles Schumer, D-N.Y., told the Times, “We are very willing to entertain savings in Medicare. Medicare gives very good healthcare very inefficiently.” He said that in return the GOP should be willing to consider tax increases.

Among items negotiators are considering are cuts in Medicare payments to hospitals for uncollectible patient debt, training of doctors, elimination of Medicare overpayments to nursing homes, and reducing the federal share of some Medicaid spending.

Medicare and Medicaid insure more than 100 million people and make up 23 percent of all federal spending.

The talks on cuts to Medicare and Medicaid have not gone unnoticed. William Minnix, the chief lobbyist for nonprofit nursing homes, told the Times, “Congress smells blood.”

Minnix called on nursing homes to “bombard your senators with the message that Medicaid cannot be cut by $100 billion” over 10 years.

Hospital lobbyists have begun an advertising campaign to block further cuts in the two programs, which account for about 55 percent of hospital revenues. The hospitals have committed $1 million a week through August on advertising, according to the Times.








© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Former Obama Official: Climate Change Not 'Settled' Science

Sunday, 21 Sep 2014 18:11 PM

A former high-ranking Obama administration official says climate science and the implications of global warming are not  . . .

Jindal: Obama Administration 'Science Deniers'

Sunday, 21 Sep 2014 17:43 PM

The White House is full of science deniers who are keeping the United States from becoming energy independent, says Lo . . .

Big Romney Backer Predicts He'll Run Again in '16

Sunday, 21 Sep 2014 16:41 PM

One of Mitt Romney's biggest backers on Wall Street during the 2012 presidential race says the former Massachusetts gove . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved