Obama lays out plan for cutting Medicare, Medicaid - Apr. 13, 2011

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Obama lays out plan for cutting Medicare, Medicaid - Apr. 13, 2011

money.cnn.com

President Obama unveiled a plan Wednesday to cut Medicare and Medicaid by the same amount as House Republicans, but without slashing benefits for seniors and the needy. The proposal, which would save $340 billion over the next decade, relies on controlling prescription drug costs and overhauling how the federal government funnels Medicaid money to states. It also gives more cost-cutting power to an advisory board created by the Affordable Care Act.

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Tags: Drug, Senior Health, Health Insurance, Medicare, Medicaid, Barack Obama

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