Medicare cuts proposed by President Trump in his 2020 budget will not happen say the experts.
President Trump’s proposal would appropriate $845 billion dollars less for senior citizens and people with disabilities. There would also be a reduction of $1.5 trillion from the safety net for low-income Americans. Experts say both proposals are a non-starter.
Democrats, who control the House of Representatives, have already said they will not allow any substantial cuts to Medicare or Medicaid.
President’ Trump’s proposals for Medicare and Medicaid are the following:
- Cut $845 billion from Medicare over the next 10 years, mainly, by eliminating waste, fraud and abuse and by cutting payments to certain hospitals and other providers. The budget also some savings would come from lowering prescription drug prices. To date, hoever, Big Pharma is not cooperating. Drug prices are still very high.
- Reduce Medicaid spending by nearly $1.5 trillion over the next decade. It would eliminate the extra Medicaid funding for states that expanded their programs under the Affordable Care Act (ACA). About 15 million more Americans have joined Medicaid since the ACA expansion was enacted. The budget plan would also give states more power to design their Medicaid programs, including allowing states to get a block grant or institute a per-person cap for Medicaid recipients.
Medicare Cuts: More Slashing Proposed
The 2020 budget proposal also cuts $220 billion from the Supplemental Nutrition Assistant Program (SNAP), aka food stamps. At the same time, it would expand work requirements to those able to work, up to age 65.
Congress must pass and the president sign the 2020 budget by October 1st, which is the start of the fiscal year.
Congressional hearings are underway on the proposed budget. The process has already started. Lawmakers have begun holding hearings on the president’s requests.
Once the House and Senate agree on the total dollars to be spent on the budget, appropriations committees will decide how much each agency will get. Differences get hashed out in committee until a consensus is reached.
At that point, the bi-partisan bill goes to the President for his signature into law.
At this time, it’s safe to say that senior’s and the disabled will not experience any cuts in this 2020 budget for their programs.