News Headlines Article

Obama proposes $5.6B in Medicare payment cuts for FY 2014
Modern Healthcare

President Barack Obama’s highly anticipated fiscal 2014 budget released Wednesday proposes $5.6 billion in Medicare payment cuts for that year and about $400 billion in total federal healthcare savings over the next decade. In a news conference at the White House, the president called his budget—which aims to reduce the deficit by nearly $1.8 trillion over 10 years and would eliminate the sequester cuts—“a fiscally responsible blueprint for middle-class jobs and growth.”