On March 4, 2014, the Office of Management and Budget released President Obama’s budget for fiscal year (FY) 2015, which includes provisions related to federal spending and revenues, including Medicare savings. The President’s budget would use federal savings and revenues to reduce the deficit and replace sequestration of Medicare and other federal programs for 2015 through 2024. This brief summarizes the Medicare provisions included in the President’s budget proposal for FY2015.
President Obama’s FY15 budget proposal, released yesterday, includes a variety of program cuts plus investments intended to promote opportunity and growth. See what's included for the Older Americans Act, Medicare, Social Security, and other programs affecting seniors.