Monday, February 4, 2008
The Wall Street Journal's Health Blog provides a concise overview of the Bush budget for Medicare and Medicaid. Ms. Wang writes,
Medicare spending needs to be reigned in, the Bush administration makes clear in its budget proposal for fiscal year 2009. The $3 trillion proposed federal budget cuts Medicare and Medicaid funds by $14.2 billion, reports the Washington Post.
The plan would shave $560 billion from Medicare and Medicaid over the next decade but leaves alone subsidies to insurers totaling an estimated $150 billion, notes the WSJ. The Bush administration estimates the changes will result in a $10 trillion decrease in spending over the next 75 years. . . .
A bipartisan discussion of federal entitlements are being called for by some congressional leaders, says the WSJ, but most think the chasm between President Bush and the Congress is too wide to be bridged.