|
|
|
|
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
RSSSource:
*March 25, 2008, statement on Social Security and Medicare.trustees' annual report
*March 25, 2008, statement on Social Security and Medicare.trustees' annual report
More Galleries
Shot during the Fortune Most Powerful Women Summit, these portraits showcase some of the world's most influential leaders. Photographs by Robyn Twomey. More
These 6 businesses took advantage of crashed real estate prices to trade up for new stores and office space. More
In March, CNNMoney profiled people making personal sacrifices to help others during the recession. Did their efforts pay off? CNNMoney checks in. More
Special Offer
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved.
Terms under which this service is provided to you. Privacy Policy
Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
| Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use. Intraday data is at least 20-minutes delayed. All times are ET. Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data. Fundamental data provided by Morningstar, Inc.. SEC Filings data provided by Edgar Online Inc.. Earnings data provided by FactSet CallStreet, LLC. |
