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Medicare Reform Could Save $250B | Clarksburg News
A bold new proposal from the Committee for a Responsible Federal Budget aims to overhaul Medicare supplemental plans—Medigap—by eliminating coverage for the first $850 of medical costs and capping out-of-pocket expenses at $4,675 annually. The plan could save the government up to $250 billion over ten years by curbing cost-driven overuse fueled by Medigap’s “no-brainer” coverage, which studies link to a 27% spike in individual spending. While premiums may drop, seniors would face higher upfront costs—at the point of service—though Medicaid beneficiaries remain exempt. Backed by former Sen…
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