Senior Citizen Entitlement Programs Take $208 Billion Hit in Bush Budget





President lays out $3.1 trillion budget and again says Congress must solve financial future of Medicare, Medicaid, Social Security

Feb. 4, 2008 - Entitlement programs – short for Medicare, Medicaid and Social Security – will see spending cuts of $208 billion over the next five years, if the budget proposed today by President George W. Bush is approved. The cuts in these programs that primarily affect senior citizens are even larger than earlier estimates. The President, today, repeatedly laid the problem at the feet of Congress, as he did in the State of the Union address.

Related Stories

Health Care Providers to Bare Brunt of Medicare Cost Over-Runs in Future

Administration adds budget feature automatically reducing payments when costs exceed 45% of funding

Feb. 4, 2008


--------------------------------------------------------------------------------

Social Security News

Bush Budget Again Includes Private Investment Accounts in Social Security

Almost $700 billion budget provides $504 million for new efforts to ensure correct benefits are paid to eligible people

Feb. 4, 2008


--------------------------------------------------------------------------------

Bush to Raise Medicare Drug Premiums, Cut Medicare $178 Billion in New Budget

Most cuts from decreases in reimbursements to physicians, hospitals and other health care providers

Feb. 1, 2008


--------------------------------------------------------------------------------

Read more on
> Politics for Senior Citizens
> Medicare
> Medicare Drug Program

“Once again, we've proposed specific reforms and specific measuresâ€