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
Criminal's muscle car collection auctioned for $2.5 million These valuable classic muscle cars were seized as part of a money laundering plea deal. More
Ferrari 458 Speciale - Raw speed This bare-bones Italian supercar drops pretty much everything not needed for driving fast. More
America's most dangerous jobs America's workplace got safer last year. But these workers were still at a much higher risk of fatal injuries, according to the Bureau of Labor Statistics. 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.