House Budget Committee Chairman Rep. Paul Ryan (R-Wis.) announced his budget plan to be put forward this week aims to repeal the Patient Protection and Affordable Care Act and grant states more flexibility in administering Medicaid programs, according to a report by the Washington Post.
The budget is designed to eliminate the federal budget deficit in 10 years, half the time of his 20-year proposal from last year. He says the feat is less difficult thanks to changes from sequestration and a tax raise that took effect at the start of the year.
Elements of the plan include a means-tested approach to Medicare that would give smaller subsidies for wealthy seniors and converting Medicaid into a block-grant program for states to use for their self-designed programs that would save $770 billion from the Medicaid program over the next decade, according to the report.
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The budget is designed to eliminate the federal budget deficit in 10 years, half the time of his 20-year proposal from last year. He says the feat is less difficult thanks to changes from sequestration and a tax raise that took effect at the start of the year.
Elements of the plan include a means-tested approach to Medicare that would give smaller subsidies for wealthy seniors and converting Medicaid into a block-grant program for states to use for their self-designed programs that would save $770 billion from the Medicaid program over the next decade, according to the report.
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