Recommendations made by the newly formed deficit commission include limiting Medicare spending, reducing payments to pharmaceutical companies and a more powerful health care costs control board. The proposals set forth in a draft produced by the presidential commission call for higher rebates to be paid by pharmaceuticals to the government and lower payments to be made to doctors. Finally, Medicare beneficiaries would be asked to contribute more toward their care.
The proposals, which are anticipated to be unpopular with the health care industry and seniors, project a $4 trillion reduction in deficit spending through 2020. The commission’s final report is expected Dec. 1.