Editor’s note: Sen. Tom Coburn (R-Okla.) released a plan in July that he said would achieve $9 trillion in deficit savings over the next decade. Here, we review parts of the proposal.
Coburn, a doctor, has some strong ideas about Medicare and Medicaid, which, he said, provide “health-care coverage for approximately one in five Americans and, along with Social Security, make up the backbone of the federal safety net.”
Among his proposals: raising the entry age for Medicare; means-testing beneficiary payments; raising some premiums for all seniors; increasing funding for investigating fraud and abuse of both systems; and freezing for 10 years the Medicare reimbursement rates for doctors.
Why such dramatic steps? Coburn agrees with the Congressional Budget Office that the dramatic growth of federal spending on health care is “the single greatest threat to budget stability.”...
Coburn believes that the federal safety net for seniors should reflect that Americans are living longer than when the laws were enacted.
http://www.washingtonpost.com/world/national-security/coburns-cuts-taking-on-medicare-and-medicaid/2011/08/10/gIQAHECjFJ_story.html