The White House has previously drawn the line for healthcare cuts at $400 billion.
The plan set up by Mr. Simpson and Mr. Bowles, a Republican and Democrat, respectively, to avoid $85 billion in automatic cuts — better known as sequestration — effective March 1 would fall above President Barack Obama’s mark of $1.5 trillion over the next decade but below Republicans’ aim of $4 trillion without new taxes.
The healthcare spending reductions would come from “provider and beneficiary incentives,” as well as shrinking provider payments, cost-sharing, raising premiums for the wealthy, reducing drug costs and improving efficiency in healthcare, according to the report.
More Articles on Healthcare Reform:
Final Rule Issued by HHS on PPACA’s Essential Health Benefits
5 Observations on Spine Surgery Heading to Outpatient Procedures
6 Top Advocacy Issues for North American Spine Society
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
