President Obama's FY 2013 Budget Cuts Healthcare Spending by $360B

President Barack Obama's national budget proposal for fiscal year 2013 (pdf), which starts this October, will cut more than $360 billion from Medicare, Medicaid and other health programs over a 10-year span.

The total is slightly higher than President Obama's debt reduction plan from this past September, which called for $320 billion in healthcare savings.

Most of the savings would come from provider cuts and changes to drug reimbursements. The budget also would keep funding for biomedical research at the National Institutes of Health level at $31 billion.

Related Articles on National Healthcare Expenditures:

Healthcare Reform: Two Years Gone, Now What's on the Horizon?

Growing Deficit May Threaten Health Reform Law More Than Elections, Supreme Court Ruling

President Obama's Debt Reduction Proposal Includes $320B in Healthcare Savings

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