Grace-Marie Turner, NRO
The issue of $716 billion in spending cuts to Medicare has taken center stage, with accusations flying about who is raiding Medicare and pushing Granny off the cliff.So here are the facts:In 1997, the Republican Congress passed, and President Bill Clinton signed, the Balanced Budget Act (BBA), which gradually reduced payments to Medicare providers as part of a plan to reduce overall federal spending. The key to the policy is the Sustainable Growth Rate, which requires the government to adjust payments for physician services each year so that growth in Medicare spending does not exceed the...
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