The Republican proposal for the 2012 federal budget will be revealed this week. The plan aims to cut more than $4 trillion from federal spending over the next decade.
The budget plan, prepared by Rep. Paul Ryan, R-Wis., chairman of the House Budget Commission, calls for an overhaul of Medicare and cuts in Medicaid.
Medicare, which pays health care bills for 48 million elderly and disabled Americans, cost $396.5 billion in 2010. Medicaid provides payments to health care providers for Americans with low incomes or those who meet eligibility requirements.
The proposed plan would let those currently under 55 choose from private insurance plans when they turn 65. The government would then pay around the first $15,000 in premiums. Anyone currently 55 or older would keep the current Medicare programs.
Medicaid funding would be given in block grants distributed by states, which would cut Medicaid spending.
Obama’s proposed plan would cut $1.1 trillion and would not involve any changes to Medicaid or Medicare.
Do you think there should be changes to the current Medicaid and Medicare system? Would you support the Republican budget plan?