Deficit Reduction and Medicare President Obama’s Plan
- Positions and Publications
On September 19, 2011, the Obama administration released its recommendations to the Joint Select Committee on Deficit Reduction, also known as the supercommittee, to cut the deficit by more than $3 trillion through a mix of revenue increases and spending cuts. The administration’s plan includes increased revenues to achieve a more balanced approach that helps prevent deeper cuts to programs that support Medicare and Medicaid beneficiaries, their families, and caregivers. Overall, the administration’s plan reduces the deficit by $1.5 trillion through increased revenues generated in part by eliminating tax breaks for the wealthiest Americans and coorporations. In addition, in his remarks announcing the plan, President Obama made a firm commitment to veto any proposal including changes to Medicare benefits that does not include significant increases in revenues.
Recent Resources
Any changes to the Medicare program must aim for healthier people, better care, and smarter spending—not paying more for less. As policymakers debate the future of health care, we will provide our insights here.
Thinking ahead to Medicare's future, it’s important to modernize benefits and pursue changes that improve how people with Medicare navigate their coverage on a daily basis. Here are our evolving 30 policy goals for Medicare’s future.
You can help protect and strengthen Medicare by taking action on the important issues we are following, subscribe to newsletter alerts, or follow along on social media. Any way you choose to get involved is a contribution that we appreciate greatly.