News Headlines Article

Obama’s 2016 budget cuts Medicare but eliminates sequestration
Modern Healthcare

President Barack Obama’s budget proposal would slash more than $415 billion in Medicare funding over the next 10 years—largely echoing previous editions—and he inserted several provisions that would advance the administration’s effort to move Medicare to value-based payments.

With the lame-duck president facing Republican majorities in the House and Senate, his spending blueprint is generally considered dead-on-arrival. Some observers, however, say that details of the president’s budget are likely to influence whatever budget deal is reached with congressional leaders.