Obama: Limited Cost-Cutting for Medicare

When it came to Medicare, Obama reiterated his determination to accept only limited cost-cutting proposals. Among the ideas he appeared to reference was requiring pharmaceutical companies to charge Medicare the lower rates they currently receive from Medicaid, the federal-state health insurance program for the poor.

Obama also mentioned asking “more from our wealthiest seniors”—presumably a proposal to increase the Medicare premiums that higher income seniors pay. And he noted that his 2010 health-care law already contains measures aimed at slowing the growth of Medicare spending.

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Source: The Washington Post