Sunday, February 24, 2013

Latest Simpson-Bowles health plan stirs worry but lacks detail

Fiscal Commission co-chairs Simpson and Bowles speak to reporters after their meeting with Obama at the White House in WashingtonWASHINGTON (Reuters) - A new bipartisan deficit-reduction plan to slash a massive $600 billion from U.S. healthcare spending over two decades has policy experts scratching their heads over how such an ambitious target can be reached. Democrat Erskine Bowles and Republican Alan Simpson have yet to declare what they would do to wring savings from Medicare, Medicaid and other programs, according to analysts who provide the two deficit hawks with their facts and figures. Those ideas will be laid out in a detailed plan due to be issued at some point over the coming weeks. ...


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