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February 05, 2007  

Health Insurance in Bush's Budget

According to the Associated Press Bush's $2.9 trillion budget proposal includes cuts in benefit programs like Medicare and social security in an attempt balance the federal budget.

Medicare health insurance, which covers 43 million older and disabled Americans, would be the main program impacted by these cuts through higher premiums for higher income Medicare recipients.

The cuts in big health plans like Medicare and Medicaid are meant to save the federal government $78 billion over 5 years.

Bush wants to charge Medicare health insurance beneficiaries $11.5 billion more in monthly premiums in order to help balance the budget.

While Medicare and Medicaid expenses are cut, the budget for Iraq is increasing to from $600.3 billion in 2007 to $624.6 billion in 2008.

Bush's budget proposal has launched heated debates in Congress, especially with Democrats.

Even with raised premiums, many Medicare plans have gaps that leave people paying out of pocket.

Whether or not Bush's budget gets passed, it's a good idea to know what's covered in your medical insurance. Medicare supplemental health insurance quotes are available online to help pay for Medicare gaps.

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