Liberal Group Outlines Substantial Medicare Cuts

FE_PR_090910obama_speech.jpg

President Barack Obama addresses a joint session of Congress on his embattled healthcare reform plan.

Associated Press SHARE

Upper-income seniors would also be affected by another part of the plan. Currently, seniors making at least $85,000 for an individual and $170,000 for a couple pay higher monthly premiums for outpatient and prescription coverage. The plan would gradually increase the share of seniors facing higher premiums until it comprises the top 10 percent of beneficiaries. It would also boost those premiums by 15 percent.

[Feinstein: Petraeus to Testify on Benghazi Attacks]

The center is also proposing to repeal a payment formula for doctors that has failed to contain costs, replacing it with an approach that rewards primary and preventive care while squeezing specialists. Unless Congress acts, doctors will face a nearly 30 percent cut in Medicare payments on Jan. 1.

___

Center for American Progress plan: http://tinyurl.com/aqjkavp

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.