President Obama Released Budget

    President Obama Releases Budget

    After being delayed several months, President Obama released his FY2014 budget blueprint on April 10. His proposed $3.77 trillion budget calls for making several major changes to health care programs, including making roughly $401 billion in cuts. Specifically, those cost reductions would be achieved by additional means testing in Medicare Part B and D and expanding drug rebates. Notably, the budget calls for Congress to undo the sequestration cuts, delays the Medicaid disproportionate share hospital payment cuts in the Affordable Care Act and does not make any additional reductions to Medicaid. Though the President is required to release the proposed budget by early February, the budget blueprint was delayed this year. Given the late arrival andthe fact that the House and Senate have both already passed competing budget resolutions in late March, most were not expecting many big surprises in the budget proposal. However, the inclusion of fairly substantial cuts in healthcare spending and changes to Social Security opposed by many Democrats again opened speculation of a possible “grand bargain” negotiation between the White House and Congressional Republicans. House Speaker John Boehner (R–Ohio) and other senior Republicans in both the House and Senate quickly dashed that possibility and dismissed the White House proposal because it calls for additional revenues through taxes. To view the budget