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Blunt Praises President's Plan to Save Medicare
Date:2/15/2008

s first. The President's proposal does just that," Blunt said.

President Bush submitted his legislative proposal because Title VIII of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (P.L. 108-173) requires the president to submit to Congress a legislative proposal to reduce Medicare spending if the Medicare Trustees issue a funding warning. For the first time ever, the Medicare Trustees issued a funding warning in 2007 when, for the second time in two years, nearly half of Medicare spending is estimated to come from general revenues within the next seven years.

Congressional leadership from each party is required to introduce the President's proposal within three legislative days. The appropriate committees of jurisdiction are then required to report legislation to respond to the Medicare funding warning by June 30, 2008.


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SOURCE House Republican Whip Roy Blunt
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