Raising Women’s Voices

The $634 Billion Question

Posted in DC Reform, Health Reform Policy Proposals by raisingwomensvoices on February 26, 2009

In his 10-year budget plan, President Obama proposes to further tax increases on the wealthiest for affordable and accessible healthcare for every citizen. This includes stricter limits on benefits of itemized deductions by the wealthiest families. The increase in revenues–around $318 billion dollars in ten years–would account for half the $634 billion reserve fund to address changes in healthcare. The other half would come from cost savings in Medicare and Medicaid, including Obama’s proposal to increase drug companies’ discounts to Medicaid from 15.1% to 22.1%.

Some critics of the plan argue that everyone wants affordable healthcare, but, as Representative John A. Boehner (R-OH) says, “Is increasing taxes during an economic recession […] the right way to accomplish that goal?”

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sara siegel


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