No free pass for Medicare recipients in debt talks
WASHINGTON (AP) — Experts and lawmakers say people on Medicare are likely to feel the pain in a debt-busting deal like the one that President Barack Obama and House Speaker John Boehner are seeking.
Higher copayments are one possibility.
Low-income people on Medicaid may not be spared.
If the deal ends up involving a tax overhaul, workers and their families could face potential limits on the tax-free status of job-based health insurance.
Obama has scheduled a Sunday meeting with congressional leaders to discuss the debt impasse. The president wants a compromise that would reduce future deficits in exchange for lifting the $14.3 trillion cap on the national debt.
Action is needed so the government can keep paying its bills beyond Aug. 2.