Tags: obama | medicare | medicare

Obama Rules Out Raising Medicare Eligibility Age to Cut Spending

Monday, 11 Feb 2013 03:49 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
President Barack Obama has ruled out raising the age that Americans become eligible for Medicare, the government health insurance program for seniors, as a way to reduce the government's deficit, a White House spokesman said on Monday.

Republicans in Congress, who have focused on cutting spending, have said they want to see the eligibility age raised to 67 from the current age of 65, but many Democrats have opposed the idea vehemently.

"The president's made clear that we don't believe that that's the right policy to take," White House spokesman Jay Carney told reporters.

The White House and Congress have been grappling with how to avoid a March 1 deadline when $85 billion in automatic across-the-board spending cuts are o take effect.

Obama has urged Congress to postpone the cuts by raising revenue from ending long-standing tax breaks for oil companies, private equity firms and corporate jet owners - steps that would help Congress "buy time" to come up with a budget.

He has said he is willing to include some reforms on Social Security, the government pension program, as part of a "big deal" with Republicans to reduce the deficit.

Those reforms would include slowing the rate of annual payment increases for Social Security by changing the calculation of inflation used to set the new payment.

But any change needs to be part of a larger plan that splits deficit reduction between spending cuts and revenue increases, Carney said.

"How do you explain to a senior that we're doing this, asking you to sacrifice, but we're not saying that corporate jet owners should lose their special tax incentive?" Carney said.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Brent Bozell: Media Refuses to Cover Easter as Religious Holiday

Thursday, 17 Apr 2014 21:45 PM

Media outlets are largely ignoring the religious side of holidays such as Easter and Christmas, says Media Research Cent . . .

High-Tech Surveillance System Blankets Boston For Marathon

Thursday, 17 Apr 2014 20:18 PM

A high-tech surveillance system consisting of cameras connected to a network that uses a form of artificial intelligence . . .

Researcher: Total Parental Involvement Can Hinder Kids' Education

Thursday, 17 Apr 2014 20:07 PM

Most parents believe the more they are involved in their children's education, the better they will do in school. Keith  . . .

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