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Tackle Medicare during lame duck session, Schumer says
Modern Healthcare

The short post-election congressional session needs to include an entitlement reform package that cuts “hundreds of billions of dollars” from Medicare, a senior Senate Democrat said Tuesday.

Sen. Charles Schumer (D-N.Y.), the third-ranking Democrat in the Senate and a senior member of the powerful Finance Committee, urged the Medicare cuts as part of a “grand bargain” that produces at least $4 trillion in deficit reduction. The package also should increase taxes on high income earners while maintaining current rates for taxpayers with incomes below $250,000.

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