News Summary: Liberal group puts forth budget plan
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Source: Business News
Originally published: Nov 14, 2012 - 2:00 pm
Originally published: Nov 14, 2012 - 2:00 pm
(AP) - PREVENTIVE MOVE: A liberal think tank released a blueprint for significant federal savings, mostly from Medicare, in a bid to prevent a raid on health care programs in upcoming budget talks.
DOWN ON THE PHARMA: The Center for American Progress targets Medicare service providers, with drugmakers taking the biggest hit of $160 billion of the proposed 10-year savings. Most of that would come from rebates pharmaceutical companies would pay on drugs for low-income Medicare beneficiaries.
OLD ENOUGH: The plan rejects raising the Medicare eligibility age to 67 and increases monthly premiums for outpatient and prescription coverage for higher-income Medicare recipients.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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