Senior and provider groups are angry that Medicare cuts will help pay for one of the trade bills that Congress will soon consider and are waging a last-ditch effort to nix the cuts.
The Trade Adjustment Assistance reauthorization bill hasn't received as much attention as the fast-track trade authority bill, but Democrats see it as a priority: The program helps workers who have been put out of a job because of foreign trade with job training and placement as well as health insurance costs. The House and Senate are expected to move the bill in tandem with the fast-track trade measure, an aide to Sen. Ron Wyden, D-Ore., who has hashed out the trade deal with Sen. Orrin Hatch and Rep. Paul Ryan, said.
But on Tuesday, senior and provider groups started criticizing the proposal. They're unhappy because about $700 million of the $2.9 billion cost would be offset by increasing the cuts to Medicare authorized by the automatic budget cuts known as sequestration in fiscal year 2024 by 0.25 percent, according to a Congressional Budget Office score of the House bill.
"Apparently using Medicare as a piggy bank to pay for everything under the sun has become the new legislative norm for Congress," Max Richtman, president and CEO of the National Committee to Preserve Social Security and Medicare, said in a statement to National Journal. "Rather than balancing priorities or considering a penny of new revenue, congressional leaders are proposing to once again funnel Medicare resources into unrelated programs and fixes – this time it's the trade adjustment assistance program."
A coalition of provider groups, including the American Hospital Association and the American Medical Association, sent a letter to senators Tuesday opposing the bill.….National Journal
Groups Fume That Medicare Cuts May Pay For Trade Bill
Dylan Scott
2 comments:
re: "about $700 million of the $2.9 billion cost would be offset by increasing the cuts to Medicare authorized by the automatic budget cuts known as SEQUESTRATION
Remember when Gene Sperling explained why he proposed the sequester:"The idea that the sequester was to force both sides to go back to try at a big or grand bargain with a mix of entitlements and revenues was part of the DNA of the thing from the start.... the sequester was just designed to force all back to table on entitlements."
What politician(s)put in the Medicare payment cuts in the Pacific Trade Bill. This occurs just after the SGR formula was rescinded and passed in Congress and signed into law by Obama.
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