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White House Deficit Reduction Proposal Targets Medicare
Health Leaders Media

President Obama on Wednesday presented a plan aimed at reducing the federal deficit by $4 trillion over the next 12 years. Healthcare will be expected to contribute its share with changes in the Medicare and Medicaid programs accounting for$480 billion in savings by 2023 and another $1 trillion in savings by 2033.

In a speech delivered at George Washington University, the President outlined in broad strokes the steps his administration will take to reduce healthcare costs.

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