Kerrey proposes cutting $409 billion from Medicare
OMAHA, Neb. (AP) _ Nebraska U.S. Senate candidate Bob Kerrey says deep cuts and some tax increases would put the federal budget on a path to being balanced, and he argues Republican Deb Fischer hasn't explained how she would reach deeper
Kerrey, a former senator and governor, proposed Thursday cutting $409 billion over 10 years, in part by reducing Medicare coverage of doctor visits from 50 percent to 35 percent. Kerrey says his six point proposal, which would also require the pharmaceutical industry to provide prescription drug discounts to Medicare for its "dual eligible" population,has the bipartisan support necessary to begin solving the nation's deficit issue.
The Democrat's goal is to shrink spending from 24 percent of the nation's gross national product to 21 percent. He says he doesn't support raising tax rates but backs eliminating some deductions.
Fischer has called for spending only 18 percent of GDP.
Kerrey says such a reduction would ``savage rural health care in Nebraska.''
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