tci Part B Insider - 2008 Issue 8

NEWS: Lawmakers Officially Introduce Bill to Curb Medicare Spending

Trigger bill could be the first in a string of proposalsThe 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 Warn-ing 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...

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