For Medicare, Means Testing Means Trouble
Medicare, as well as Social Security and many other programs, is in jeopardy in the current budget standoff in Washington. In his budget proposals unveiled in April, aimed at reaching a “grand bargain” with Republicans and ending the across-the-board “sequester” cuts, President Obama not only offered to cut Social Security by rigging the cost-of-living formula. He also offered cuts to Medicare through “means testing.”