Obama aims to reduce federal health costs by $400bn over 10 years

BMJ 2013; 346 doi: (Published 12 April 2013) Cite this as: BMJ 2013;346:f2333
  1. Michael McCarthy
  1. 1Seattle

President Barack Obama submitted his proposed 2014 budget to Congress on Wednesday, saying that his administration aimed to reduce the US budget deficit by an additional $1.8 trillion (£1.2 trillion; €1.4 trillion) over the next 10 years.

If enacted, the new budget, coupled with reductions enacted over the past two years, would reduce the US deficit by more than $4 trillion over the decade, the Office of Management and Budget has said.

It added that this would put the US on track to reduce its deficit to 2.8% of its gross domestic product by 2016 and 1.7% by 2023.

To achieve the reductions the president’s plan includes $2 of spending cuts for every $1 of increased tax revenue.

By offering a mix of tax rises and …

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