By Sam Baker and Julian Pecquet – 04/17/12
The Ways and Means Committee has found a simple way to meet its deficit-reduction target under the House Budget: the healthcare reform law’s insurance subsidies.
Instructed to save $53 billion over the next decade, the panel on Wednesday will mark up a proposal to save $43.9 billion by requiring people to pay back any excess insurance subsidies they receive under President Obama’s healthcare reform law.
Smaller “recapture” efforts have garnered bipartisan support in the past when they were used to pay for a “doc fix” delaying scheduled cuts to Medicare physician payments and eliminate the law’s 1099 tax reporting requirement. This one goes further, however, and would require people to repay the entire amount of overpayments.
Healthwatch’s Julian Pecquet has the story.Other House panels are also looking at health savings.
The Judiciary Committee on Tuesday marked up medical malpractice legislation capping non-economic damages at $250,000, which would save the federal government $41 billion — more than enough to meet the panel’s $39 billion savings target.