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LeadingAge Statement on Joint Select Committee on Deficit Reduction Decision

by Published On: Nov 21, 2011
FOR IMMEDIATE RELEASE

WASHINGTON- Although it appears the Joint Select Committee on Deficit Reduction may not come to an agreement on a deficit reduction plan, we expect Congress and the Obama administration to continue their efforts to reduce the federal budget gap.

Automatic spending cuts mandated by the Budget Control Act of 2011 do not go into effect until 2013. In the meantime, Congress and the administration still have to work out the regular 2013 budget and spending process, which they could use to address the budget deficit and prevent sequestration.

We will continue to work with all sides to achieve fair and responsible budget and spending measures that do not impose a disproportionate burden on frail and low-income elders.

The Patient Protection and Affordable Care Act contained reforms to the health care delivery system and to Medicare that are projected to reduce the growth of Medicare spending by $500 billion in the coming decade. This is the right way to rein in excessive spending.

We cannot cut our way out of this budget hole, but we must innovate our way out.
 
 



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