11 of 22
BACKNEXT
Medicare
Rising health care costs are pushing Medicare toward an unsustainable long-term deficit nearly 5 times that of Social Security. Both candidates say their efforts to reduce health care costs will help stabilize Medicare. What few Medicare proposals they've made aren't sufficient to address the shortfall, health care experts say.

· Wants wealthy people who are enrolled in the Part D drug coverage program to pay more.

· Wants to reform the payment system so health care providers don't get paid when medical errors or mismanagement occurs.

· Favors importing low-cost prescription drugs from Canada.

"People like Bill Gates and Warren Buffett don't need their prescriptions underwritten by taxpayers. Those who can afford to buy their own prescription drugs should be expected to do so."

-- McCain *

·Would let government negotiate for Part D drug prices.

·Would increase use of generic drugs in Medicare.

·Wants to close the coverage gap known as the "doughnut" hole in Part D for reimbursement of prescription drugs.

·Favors eliminating subsidies paid to private Medicare Advantage plans.

·Wants to legalize importation of some prescription drugs.

"As president, I will reduce costs in the Medicare program by enacting reforms to lower the price of prescription drugs, ending the subsidies for private insurers in the Medicare Advantage program and focusing resources on prevention and effective chronic disease management."

-- Obama **




NEXT: Personal Taxes
Last updated October 29 2008: 12:15 PM ET
Source: *April 15, 2008, speech in Pittsburgh
**March 25, 2008, statement on Social Security and Medicare.trustees' annual report
More Galleries
15 top executives with $1 salaries Some CEOs and founders agree to salaries of just $1 a year. But once goodies like bonuses and stock options are added in, some of those executives end up taking home many millions of dollars a year. More
Mercedes SL65 AMG: 621 horses of topless power Turn heads as you blow by traffic in this roadster convertible from Mercedes. More
Where the middle class is most unequal CNNMoney looks at the five states with the biggest differences in middle class incomes. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.