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California Heavily Affected by Looming Sequester Cuts

The White House detailed how California and other states would be affected if a deal is not reached by March 1, 2013 to avoid automatic cuts under sequestration. The automatic cuts involve nearly $1 trillion in across-the-board reductions over a decade, including a 2% reduction to Medicare reimbursement rates.

Bowles, Simpson Unveil Deficit-Reduction Plan Includes Hefty Cuts for Health Care

Erskine Bowles and former Sen. Alan Simpson (R-Wyo.) unveiled a $2.4 trillion deficit-reduction proposal, which includes $600 billion in Medicare and Medicaid savings by decreasing provider payments, raising premiums for higher-income beneficiaries, reducing prescription drug costs, and making “adjustments to account for an aging population.”

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