News Headlines Article

New deficit-reduction plan seeks $600B in healthcare cuts
Modern Healthcare

The former co-chairmen of the president’s bipartisan fiscal commission have introduced a deficit-reduction proposal that calls for an additional $2.4 trillion in savings over 10 years, with roughly a quarter of those savings—or about $600 billion—coming from Medicare and Medicaid.

Erskine Bowles, former White House chief of staff in the Clinton administration, and former Sen. Alan Simpson (R-Wyo.) unveiled the framework as a way to show lawmakers that a so-called grand bargain to lower the nation’s ballooning deficit is still within reach.