Senate Finance Committee Comes to Conclusion on Cuts

The Senate Finance Committee, after days of deliberation, agreed today to $10 billion in Medicare and Medicaid cuts, to take place over the next five years. The cuts will come primarily from Medicare, as the measure would cut $18.6 billion from the Medicare and $7.7 billion from Medicaid. It also, however, would boost spending on various Medicaid and Medicare programs. They will markup the measure early on Monday, which will pave the way for the bill to be included in the Senate Budget Committee's reconciliation package, slated to be put together October 26.
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