KQED Nightly Business Report November 27, 2012
And that means any grand bargain to avoid the fiscal cliff will slice away at one of the nations most popular programs. Medicare is clearly in the gunsights. Reporter its possible congress and the president could agree to save 300 to 400 billion from medicare by cutting fees for doctors and hospitals. But analysts worry slashing payments wont make the Health Care System more efficient. This is not really a way to structurally change medicare and if you dont change the underlying incentives, you dont get longterm savings. Reporter progressives at the center for American Progress say the governm...