Legislation: Trigger Bill Could Be First In String Of Proposals
Lawmakers officially introduce a bill to curb Medicare spending
The proposals to "fix" Medicare's funding shortfalls have only just begun.
On Feb. 25, Congress introduced legislation that includes proposals on how to curb Medicare spending. Titled the "Medicare Funding Warning Response Act of 2008," the legislation is known among industry insiders as a "trigger" bill, and suggests several ways to cut spending in the Medicare program.
"Left unchanged, within 35 years Medicare would eat up every bit of the federal budget as we now know it," said HHS Secretary Michael O. Leavitt during a press call last...
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