11 of 22
BACKNEXT
Medicare
Medicare
Rising health care costs are pushing Medicare toward an unsustainable long-term deficit nearly 5 times that of Social Security. Obama says his efforts to reduce health care costs will help stabilize Medicare. But the Medicare proposals he's made so far aren't sufficient to address the shortfall, health care experts say.

·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 November 06 2008: 11:36 AM ET
Source:
*March 25, 2008, statement on Social Security and Medicare.trustees' annual report
More Galleries
Cars that sold for millions at the Scottsdale auctions These were the highest prices paid for collectible cars -- and a bus -- at the Scottsdale auto auctions. More
The best of SkyMall This catalog is always packed with ridiculous items that we just can't live without. More
Blue collar entrepreneurs These five entrepreneurs took their blue collar experience and used it to launch innovative businesses. More

Special Offer

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.