Presidentâs Budget Would Seek Health Savings
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In his new budget, President Bush will call for large cuts in the growth of Medicare and he will again seek major savings in Medicaid.
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Economic assumptions from President Bush's proposed 2008 budget:
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MONDAY, Feb. 4 (HealthDay News) -- President Bush's new budget proposal would cut $196 billion over five years from both Medicare and Medicaid -- programs that provide health care to millions of poor and elderly, federal officials announced Monday.
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President George W. Bush plans to slow the growth in US health-care spending, which reached $1.7 trillion last year, by making workers more responsible for their medical costs.
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Seeking to close the state budget gap, Gov. George E. Pataki will propose at least $1 billion in spending cuts to Medicaid.
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President Bush's slimmed-down budget proposal is just one of the conservative fiscal policies he plans to push in his second term as he tries to continue expanding the economy and improve the slowly recovering job market.
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The president's budget mostly looks to the next year in a positive light. But there's some frank talk, too.
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President Bushâs budget plan would provide a big boost to defense and protect his signature tax cuts.
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Michael Leavitt, President Bush&#39;s choice to be secretary of Health and Human Services, may have to cut billions of dollars from the government&#39;s mammoth health programs for
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Bush is expected to announce trims in healthcare spending, placing the burden back on fiscally strapped states.
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You can take money from an IRA to start a health savings account.
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Health care providers would see their reimbursement rates from the federal government go up less in coming years when they care for the elderly, poor and disabled under President Bush's budget.
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Health-care initiatives aimed at federal retirees and employees are under consideration in Congress and in the Bush administration.
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ROGERS, Ark., Oct. 15 -- The White House and Congress are heading for what President Bush predicts will be a "fiscal showdown" at a time when the nation's financial health has actually improved for the moment.
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Gov. Edward G. Rendell of Pennsylvania, who campaigned as a health care reformer, is learning that to contain costs is to pluck dollars from someoneâs pocket.
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Budgets are tight in Washington and in Boston. President Bush's proposed $2.57 trillion budget calls for only a 3.6 percent increase in spending. Governor Romney's $23.2 billion budget plan envisions only a 2.4 percent spending rise.
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President Bush will propose squeezing substantial savings next year from domestic programs, giving them less than the 2.3 percent increase they would need to keep pace with inflation, the White House budget director said Thursday.