Biden’s budget proposes tax hikes on wealthy to reduce deficit, shore up Medicare

window.loadAnvato({"mcp":"LIN","width":"100%","height":"100%","video":"8454223","autoplay":false,"expect_preroll":true,"pInstance":"p1","plugins":{"comscore":{"clientId":"6036439","c3":"thehill.com","version":"5.2.0","useDerivedMetadata":true,"mapping":{"c3":"thehill.com","ns_st_st":"hill","ns_st_pu":"Nexstar","ns_st_ge":"Long-form","cs_ucfr":""}},"dfp":{"adTagUrl":"https://pubads.g.doubleclick.net/gampad/ads?sz=1x1000&iu=/5678/nx.thehill/just_in/landing&ciu_szs...

Social Security, Medicare clash comes down to what constitutes a ‘cut’

The coming battles over the nation’s safety-net programs are beginning with an early clash over a thorny question of semantics: What constitutes a cut?

In the eyes of many Democrats, any change to Medicare, Medicaid or Social Security that erodes benefits provided under current law would be considered a cut — and therefore stands as a nonstarter with liberals as Congress seeks ways to rein in deficit spending. 

Across the aisle, Republicans have long promoted a ...

CBO warns of sharp uptick in Social Security, Medicare spending

Federal spending on Social Security and Medicare is projected to rise dramatically over the next decade, far outpacing revenues and the economy on the whole while putting new pressure on Congress to address accelerated threats of insolvency, according to new estimates from the Congressional Budget Office (CBO). 

The increase is driven by a variety of factors, including Social Security’s new cost-of-living adjustment, the rising cost of medical services under Medicare and great...

Distrust over GOP plans for Social Security, Medicare mark rocky start to budget talks

Republican leaders vowing to protect Social Security and Medicare benefits as part of the coming budget battles are running into a wall of skepticism across the aisle, lending a rocky start to the high-stakes debate over the future of federal spending.

Despite Speaker Kevin McCarthy’s (R-Calif.) promise that entitlement cuts are “off the table” in the debt-ceiling talks, House Democrats simply don’t believe that the same Republican Party that’s fought for decades to slash thos...

Biden pushes health care fixes ahead of speech

*{box-sizing:border-box}body{margin:0;padding:0}a[x-apple-data-detectors]{color:inherit!important;text-decoration:inherit!important}#MessageViewBody a{color:inherit;text-decoration:none}p{line-height:inherit}.desktop_hide,.desktop_hide table{mso-hide:all;display:none;max-height:0;overflow:hidden}@media (max-width:620px){.fullMobileWidth,.image_block img.big,.row-content{width:100%!important}.mobile_hide{display:none}.stack .column{width:100%;display:block}.mobile_hide{min-height:0;max-hei...

How Medicare beneficiaries were duped by Rx reform

Thanks to the recently passed Inflation Reduction Act (IRA), premiums for Medicare Part D outpatient drug plans will start to rise over the next few years. The increase will be 6 percent a year, according to the Congressional Budget Office (CBO) and private forecasts.

To make matters worse, in a few more years, the vast majority of Part D enrollees will start paying more for drugs they get from their local pharmacies than they would have paid under a s...