Medicare Blog

how much does trump want to cut medicare

by Gay Murray Published 2 years ago Updated 1 year ago
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How much did Trump’s budget cut Medicare?

Biden said Trump’s budget cuts $845 billion, "almost a trillion dollar cut," in Medicare. There are several problems with this. A more accurate figure lies between $515 billion and $595 billion.

How much would Medicare cuts really save providers?

Two of the plans along these lines would save a combined $160 billion, according to the Health and Human Services Department. It’s important to note, though, that not all of the proposed cuts land on providers. Changes in Medicare’s Part D prescription drug insurance program would directly affect recipients.

How much would the Trump administration spend on Medicare in 2020?

The administration would spend $9.398 trillion on Medicare between 2020 and 2029. But the White House predicts that the government would have spent $10.244 trillion in the same time frame. The difference is $846 billion.

Did Biden chastise Trump for cutting Medicare?

While Democrats criticize Trump for cutting Medicare, Obama regularly offered his own version of steps to rein in the growth of Medicare. In his last budget, Obama proposed trimming spending by about $420 billion over 10 years. In effect, Biden is chastising Trump for something close to the budget he was part of.

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How long will Trump shrink the federal government?

President Trump is proposing to balance the federal budget within 15 years, “shrink” the federal government and extend food stamp work requirements to Medicaid and housing programs in a $4.8 trillion spending plan being released Monday.

Why did Trump declare a state of emergency?

Trump declared a state of emergency in February 2019 to move money from military construction projects and counternarcotics programs to get more money. The administration has shifted $6.7 billion from those programs and plans to divert another $7.2 billion this year.

How much money is Trump moving to Medicare?

To start, Trump is moving about one-third of the money--$269 billion —into a different section of the budget. He would not reduce spending for these two programs, which fund certain hospitals and medical education, he’d just shift them out of the Medicare account to somewhere else.

How much money would Medicare save?

The administration also claims Medicare would save about $30 billion from broad changes to medical malpractice laws.

Fact check: 'Record' job gains still leave the U.S. labor market in worse shape than Great Recession

On the last night of his party’s convention, President Trump bragged about “record” job gains in recent months, but the 9.1 million jobs he touts come with some qualifiers.

Trump usually includes new material in major speeches. Not tonight

President Trump spoke for roughly 70 minutes on Thursday, one of the longest convention speeches in modern history.

Trump speech missing several of his favorite talking points

While President Trump launched attack after attack on Joe Biden, he left out a number of his favorite topics of criticism in his acceptance speech.

Fact check: Trump claims Biden wants to 'close all charter schools.' That's false

"Biden also vowed to oppose school choice and close all charter schools, ripping away the ladder of opportunity for Black and Hispanic children," Trump claimed on Tuesday night.

Fact check: Trump repeats out-of-context Biden comment to mislead on police stance

President Trump, arguing that Americans wouldn't be safe under Joe Biden, repeated a claim Mike Pence made Wednesday, quoting the former vice president as saying, "Yes, absolutely," as a response to whether he'd broadly support cutting funding for law enforcement.

Fact check: Trump boasts of delivering PPE early in pandemic, doesn't mention ongoing shortages

"We shipped hundreds of millions of masks, gloves and gowns to our frontline health care workers.

Trump mentions Kenosha, not Jacob Blake

Midway through his speech Thursday, Donald Trump mentioned Kenosha, Wisconsin — but did not make mention of Jacob Blake, who was shot seven times in the back by the city's police.

Taking Scissors To Safety Net

That sinking feeling youll get if Donald Trump is elected to a second term will be caused by plummeting through the hole in your safety net. The one he plans on cutting.

What This Means For You

Trumps budget would trim spending by about $45 billion on Social Security Disability Insurance and Supplemental Security Income, a program for disabled children and adults, by promoting return-to-work programs, according to the nonpartisan Committee for a Responsible Federal Budget.

Is Trump Cutting Medicare Benefits

Medicare was signed into law in 1965 by President Lyndon B. Johnson. In the 54 years since, Medicare benefits and eligibility have seen many changes. Many of these changes have been to expand the program, not to cut it.

How Will Cuts To Medicare Benefits Affect Me

You might imagine that cuts to Medicare benefits mean that fewer services will be covered and youll have to pay more out of pocket. Rather, according to Forbes, the proposed cuts would affect Medicare providers with little direct effect on beneficiaries.

Is The Supply Chain Crunch Causing You Concern Now About Holiday Gift Buying

President Trump is proposing to balance the federal budget within 15 years, shrink the federal government and extend food stamp work requirements to Medicaid and housing programs in a $4.8 trillion spending plan being released Monday.

Democrats Say Latest Trump Budget Cuts Medicare But Its Not That Simple

Democrats didn’t wait long after President Donald Trump unveiled his budget for 2020 to call him out for cutting Medicare, a program he promised to leave untouched.

Imposing Premiums On People In Poverty

The Trump Administration has also given states unprecedented authority to require people in poverty to pay premiums for their health coverage, in spite of extensive research showing that premiums significantly reduce low-income peoples participation in health coverage.

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