Page 42 - Cost Sharing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

American people elected me to do was to put forward a balanced approach, to make sure that there's shared sacrifice. >> so to both of you, mr. bowles first, what would you specifically call on the president to do on medicare that he's been unwilling to do heretofore? >> first of all, david, if you look at the combination of what was done in the budget control act, the cuts there, and in this cliff deal, it's about half of what we need to do in order to fix our debt problem. we've got about $1.6 trillion in spending we've got to do and about $1.6 billion of revenue we've got to get by broadenin...

Billion worth of revenue we've got to get from simplifying the code and wiping out this back door spending in the tax code. what would i do on health care? >> medicare. >> we're going to have to reduce health care spending on medicare by about $500 billion to $600 billion in the next 10 years. you'll have to do it in some of the ways that mitch mcconnell talked about. look at some kind of cost sharing, some kind of means testing. you're going to have to look at age. you're going to have to look at lowering the price we pay the drug companies for drugs. look at paying for quality instead of qua...

Provide services and protect workers because it requires unions to continue to provide all the service that they do for the entire plant, yet only get dues from a certain amount of people who choose to be able to contribute even though they're getting all the benefits. so it really is an effort to try to put a stranglehold on unions -- megyn: let me jump in and ask you this, bernard, is there some hybrid compromise where the unions could provide the work, get the benefit from those who choose to be in the union but not provide the benefit for those who aren't paying for it? >> only if you have...

Greater cost sharing for these expenses, and i think unions taking a leadership position on that instead of fighting it tooth and nail are going to allow unions to function properly and gain support back from both management and municipalities. megyn: they're not going to undo this in michigan unless they undo the choices they made for their political leaders, and we shall see what they decide on that. bernard, gretchen, thank you both. >> thank you, megyn. >> thank you. megyn: speaking of detroit, a big development with a group of chrysler workers who were caught on camera drinking and smokin...

Away. it will be phased in. it will probably include an exemption for charitable contributions. the harder question is what republicans get on the spending side of that deal. but even that doesn't seem to be such a mystery these days. a lot of nips and talks. a lot of cost sharing. there will be a unified deductible and increases in provider payments. and the concession is likely to be the medicare e eligibility age rises from 65 to 67. medicare eligibility age rises. democrats do not like that idea as nancy pelosi explained yesterday. >> first of all, show me the money. i don't even know why ...