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Tag Archive | "medical malpractice reform"

Key Dates for Joint Committee on Deficit Reduction

On August 2, President Obama signed into law the Budget Control Act of 2011, which authorizes an increase in the debt ceiling, caps spending, and provides a process by which an additional $1.2 trillion in cuts will be made.

The law authorizes a Joint Committee of Congress that is required to draft legislation to reduce the deficit by at least $1.2 trillion.  If Congress does not enact such legislation before December 23, 2011, across the board spending cuts would be triggered.  The timeframe by which Congress is required to pass this deficit reduction legislation is short:

  • August 16, 2011 – Members of the Joint Committee on Deficit Reduction Appointed
  • September 16, 2011 – The Joint Committee Meetings Begin
  • October 14, 2011 – House and Senate Committees may submit recommendations for deficit reduction to the Joint Committee
  • November 23, 2011 – The Joint Committee votes on recommendations
  • December 23, 2011 – The House and Senate must vote up or down without amendment on the deficit reduction legislation

Posted in LegislationComments Off on Key Dates for Joint Committee on Deficit Reduction

Gang of Six Presents Deficit Reduction Plan to Senate

This morning, the Gang of Six, which, again, includes Sen. Tom Coburn (R-OK) presented its deficit reduction plan to the Senate. According to Sen. Coburn, the deal gaining momentum in the Senate includes $116 billion in Medicare and Medicaid cuts, although the committees of jurisdiction would have to shape the specifics.  He also reported that the proposal fully pays for a SGR fix “with no gimmicks.”  Of note, the plan proposes to:

  •  Adopt statutory discretionary spending caps through 2015
  • Repeal the CLASS Act
  • Require the Senate Finance Committee to report legislation within 6 months that would permanently reform or replace the Medicare SGR formula and fully offset the cost with health savings; find an additional “$202 billion/$85 billion” /10 years in health savings; and maintain the essential health services that the poor and elderly rely upon
  • Require the Senate Health, Education, Labor and Pensions (HELP) Committee to report legislation within 6 months that would find an additional $70 billion/10 years in savings
  • Require the Senate Judiciary Committee to report legislation within 6 months that would advance medical malpractice reform
  • Require the Senate Finance Committee to report tax reform within 6 months that would include reforming – not eliminating tax expenditures for health
  • Require the Budget Committee to report legislation within 6 months that would: extend discretionary caps and enforcement mechanisms through 2021; ensure Congressional action to reduce the deficit if the debt-to-GDP ratio after 2015 has not stabilized; review total federal health care spending starting in 2020 with a goal of holding growth the GDP + 1% per beneficiary and require action by Congress and the President if exceeded; achieve program integrity savings of $26 billion in entitlement programs to curb fraud, abuse, and other wasteful spending government-wide; and create a working group to provide updated budget concepts for CBO and OMB
  • Provide that if any Committee fails to report entitlement program savings, the Senate would considered on an expedited basis across the board cuts to programs in the Committee’s jurisdiction

Posted in Legislation, ReformComments Off on Gang of Six Presents Deficit Reduction Plan to Senate

Gang of Six Presents Deficit Reduction Plan to Senate

This morning, the Gang of Six, which, again, includes Sen. Tom Coburn (R-OK) presented its deficit reduction plan to the Senate. According to Sen. Coburn, the deal gaining momentum in the Senate includes $116 billion in Medicare and Medicaid cuts, although the committees of jurisdiction would have to shape the specifics.  He also reported that the proposal fully pays for a SGR fix “with no gimmicks.”  Of note, the plan proposes to:

  •  Adopt statutory discretionary spending caps through 2015
  • Repeal the CLASS Act
  • Require the Senate Finance Committee to report legislation within 6 months that would permanently reform or replace the Medicare SGR formula and fully offset the cost with health savings; find an additional “$202 billion/$85 billion” /10 years in health savings; and maintain the essential health services that the poor and elderly rely upon
  • Require the Senate Health, Education, Labor and Pensions (HELP) Committee to report legislation within 6 months that would find an additional $70 billion/10 years in savings
  • Require the Senate Judiciary Committee to report legislation within 6 months that would advance medical malpractice reform
  • Require the Senate Finance Committee to report tax reform within 6 months that would include reforming – not eliminating tax expenditures for health
  • Require the Budget Committee to report legislation within 6 months that would: extend discretionary caps and enforcement mechanisms through 2021; ensure Congressional action to reduce the deficit if the debt-to-GDP ratio after 2015 has not stabilized; review total federal health care spending starting in 2020 with a goal of holding growth the GDP + 1% per beneficiary and require action by Congress and the President if exceeded; achieve program integrity savings of $26 billion in entitlement programs to curb fraud, abuse, and other wasteful spending government-wide; and create a working group to provide updated budget concepts for CBO and OMB
  • Provide that if any Committee fails to report entitlement program savings, the Senate would considered on an expedited basis across the board cuts to programs in the Committee’s jurisdiction

Posted in Legislation, ReformComments Off on Gang of Six Presents Deficit Reduction Plan to Senate