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Posts Tagged ‘deficit reduction’

U.S. workers can carry over $500 of health spending accounts: Treasury

Friday, November 1st, 2013

Yahoo News reports:

“Americans who use flexible spending accounts (FSAs) for healthcare costs may now be able to carry up to $500 of expiring money into the next year, the U.S. Treasury said on Thursday.

For nearly 30 years, about 14 million families with FSAs faced a “use it or lose it” deadline of December 31 when the money in the account would expire.

Accountholders flush with cash at the end of the year would often scramble to spend their fund balance frivolously.


Automatic Budget Cuts Will Reduce Medicare Payments To Doctors, Providers By $11 Billion

Thursday, September 20th, 2012

Kaiser Health News reports:

“Medicare providers would see reductions of about $11 billion beginning in January as part of series of automatic spending cuts set to begin next year unless Congress acts to halt them, according to estimates released Friday by the White House Office of Management and Budget.

The numbers came in a report that details how federal agencies would implement roughly $110 billion in mandatory, across-the-board budget cuts agreed to by Congress and President Barack Obama last August as a way to end a bitterly partisan dispute over raising the debt ceiling.  Lawmakers in both chambers, as well as Obama, want to avoid the automatic cuts that would trim federal spending by $2.1 trillion over the next 10 years, called sequestration.


Gridlock in Washington, change everywhere else: 2011 in health policy

Wednesday, December 28th, 2011

The Washington Post, Wonkblog reports:

“It was the most gridlocked of times, it was the least gridlocked of times. In one sense, nothing much happened in health care this year: Congress and the White House proposed ambitious Medicare reform packages, only to take little action. But in another sense, everything changed–and it changed quickly– as 2011 saw insurance plans, hospitals and doctors frantically reorganize themselves around the health reform law.


Poll: Most Oppose Cutting Funding for Health Care Reforms

Sunday, March 6th, 2011

CBS News Poll analysis by the CBS News Polling Unit: Sarah Dutton, Jennifer De Pinto, Fred Backus and Anthony Salvanto reports:

A majority of the public disapproves of the Republican idea to cut off funding for health care reform, a new CBS News poll shows – although most also disapprove of the health care law, and many aren’t sure of its impact on the health care system. (more…)

Deficit Reduction Commission Reports to President

Thursday, December 9th, 2010
WASHINGTON, DC - DECEMBER 01: The National C...
Image by Getty Images via @daylife reports:

“On December 1, the co-chairmen of the President’s Deficit Reduction Commission (DRC) released the commission’s plan for reducing the deficit by $4 trillion over the next five years. The plan calls for fundamental tax reform (via simplification, including potentially repealing all tax expenditures) by 2012, deep spending cuts, major changes to Social Security and Medicare, budget process reforms, and other proposals. The co-chairs say they want the 18 commissioners to vote on whether they support the co-chairmen’s plan on Friday (December 3). That date may slip.


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