WASHINGTON—President Barack Obama's $3.778 trillion spending proposal for next year incorporates for the first time a number of measures to slow the growth of spending on Social Security, Medicare and other federal benefits, hoping to draw Senate Republicans to the table for negotiations.Obama's 2013 budget contained virtually all these "measures to slow...growth" except chained-CPI. But apparently, the grab-bag of nips and tucks to Medicare, Medicaid, federal employee benefits and other mandatory spending did not qualify as "a number of measures" until chained-CPI alchemized them.
To boost the impression of a sea change, Paletta cites one entitlement cut that's been significantly boosted over last year's budget proposal:
The White House also proposed about $370 billion in cuts over 10 years to Medicare, the health-care program for close to 50 million seniors. Almost half of these reductions would come from lower payments to drug companies, but the budget would raise $50 billion through higher premiums for some recipients over 10 years, much more than previously proposed.Last year's budget included about $350 billion in cuts to government healthcare spending, most of them from Medicare. And it proposed $28 billion in higher Medicare Parts B and D premiums for wealthier benefits. The boost this year to $50 billion is substantial, but hardly game-changing.
Compare the 2014 premium boost:
