California Healthline: Obama, Boehner Could Compromise To Address Looming Medicare Cuts

On Friday, President Obama and House Speaker John Boehner (R-Ohio) reiterated their willingness to work together to avoid the looming “fiscal cliff” of mandated spending cuts, which include cuts to Medicare provider payments, the Wall Street Journal reports (Lee/Hook, Wall Street Journal, 11/10).

The sequester involves about $1 trillion in across-the-board cuts, including a 2% reduction to all Medicare reimbursement rates in 2013 (California Healthline, 11/8).

During his first speech since winning re-election, Obama touted his plan to raise taxes on high-income U.S. residents to help reduce the deficit. He said, “[O]n Tuesday night we found that a majority of Americans agreed with my approach” (Rowland, “Political Intelligence,” Boston Globe, 11/9). However, he added, “I’m not wedded to every detail of my plan. I’m open to compromise.” According to the Journal, Obama also suggested that a deal could include changes to federal entitlement programs, such as Medicare and Medicaid (Wall Street Journal, 11/10).

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