Obama to Reduce Fiscal Deficit by Health Care Savings

Obama in the upcoming budget has proposed savings in the health care sector to bring down the ever growing fiscal deficit. The proposed changes will primarily affect Medicare, Medicaid and other Federal health programs. The Medicare program was set up to aid the aged and Medicaid was designed for the poor.

The plan is to save up to $364 billion over the next decade. The plan will be put into action by reducing payments made to doctors, nurses and healthcare providers. The other means will be to increase costs for wealthier people and cut down on fraud and wastage. The total budget plan is for $3.8 billion. Money will be poured into create jobs, construction of bridges and highways and the plan is to continue to support education through student-aid. Corporations, banks, oil and natural gas and coal companies will have to shell out extra in taxes.

 

Switch to our mobile site