House Republicans unveiled a 2017 spending blueprint Tuesday that dramatically trims outlays for Medicare, Medicaid and other other health services by more than $1 trillion over the next decade.
House Budget Committee Chairman Tom Price (R-GA) said the measure would cut deficit spending by $7 trillion in the same time span.
In addition to repealing the Affordable Care Act, it would establish a “premium support” Medicare model, morph Medicare Parts A and B into a single deductible and offer tort-reform provisions. Medicaid expansion under the ACA would be terminated and replaced by block grants, he said.
Price added that the plan “provides a vision and specific solutions for how we can, as a nation, get our fiscal house in order.”