NEWS FLASH

Democrats’ New Super Committee Proposal Includes $400 Billion In Medicare And Medicaid Cuts | Democrats on the Super Committee are offering a $2.3 trillion tax-and-cut proposal “that includes $400 billion in Medicare and Medicaid reductions,” but only if Republicans compromise by putting new tax revenues on the table, Politico reports. The plan includes $350 billion in savings from Medicare — $250 billion from providers and $100 billion from beneficiaries — and $50 billion from Medicaid. The proposal would also fix the so-called Sustainable Growth Rate (SGR) formula, which slashes reimbursements for doctors in the Medicare program, and “cut about $8 billion from the new health care law’s Prevention and Public Health Fund.” An earlier Democratic offer would have produced $475 billion in savings from Medicare and Medicaid, but was rejected by the GOP.