4 Ways Obama’s Budget Would Change Medicare

Adapted from an article by Mary Agnes Carey, Senior Correspondent, Kaiser Health News President Barack Obama’s fiscal 2014 budget includes a variety of what he says are “manageable” changes for Medicare’s 54 million beneficiaries as well as for the hospitals, nursing homes and other health care providers that serve them. That assessment has drawn concern from some patient and provider groups that, although recognizing the need to address the nation’s rising health care costs, say seniors shouldn’t bear the brunt …

Why the Chained CPI is Wrong for Social Security

Yesterday, the President included Social Security cuts in his budget through a proposal called the “chained CPI”. Let’s take a minute and break down exactly what that means: The chained CPI would modify the way the cost-of-living-adjustment (COLA) for Social Security is calculated, cutting benefits by $127 billion dollars over the next 10 years alone. That comes out to over $2000 in lost benefits for the average senior. Some have tried to defend this unprecedented inclusion of Social Security benefit …

What’s the Reaction to Obama’s Social Security Proposal?

We knew it was coming. Still, now here, it’s causing quite a stir. President Obama’s new budget proposes a change in the formula for Social Security cost-of-living adjustments. Many Democrats are saying they disagree with their president. Many Republicans are saying they like the idea and want it implemented quickly. And advocates for older Americans are saying, “No way.” The proposed change, called the chained CPI, is a twist on the consumer price index, the formula that helps Social Security, veterans …

9 Things to Look for in the President’s Budget

The GOP-controlled House of Representatives approved a budget proposal first. Then came a very different document from the Democratic-controlled Senate. Now thousands more pages of numbers will land with a thud on Capitol Hill on April 10. It’s the president’s annual budget proposal. Unless you’re an underemployed CPA or an incurable policy wonk, you probably won’t want to wade through all that. So here’s a short checklist of what you should watch for in the budget: A chained CPI. This twist on …

FAQs: How Do Competing Budgets Compare on Health Care Savings?

From Kaiser Health News Republican and Democratic leaders from both chambers of Congress this week offered competing budget proposals that both look for savings in health care. KHN’s Mary Agnes Carey talks with Jackie Judd about what’s next for the proposals, and what President Obama could offer himself. > > Listen to the audio or read a transcript below. Jackie Judd: Good day, this is Health on the Hill. I’m Jackie Judd. Congressional budget leaders have now laid out their vision for federal spending …

GOP Runs New Medicare Plan Up the Flagpole

Rep. Paul Ryan (R-Wis.) might propose changing the age of immunity – immunity from cuts in Medicare, that is. Pay attention when Ryan, the chairman of the House Budget Committee, begins outlining his budget for reporters on March 6. Republicans have long said that the health insurance program for older Americans is growing so fast it will eat the federal budget alive. But the party line has been that people 55 and older won’t be affected – under the theory …