Bonds/Economy

Obama 2010 Budget Highlights By Agency

 

Available details of President Barack Obama's proposed government spending for the 2010 budget year that begins on Oct. 1. A more extensive budget outline is expected in April. In most cases, the figures are for discretionary spending and do not include mandatory entitlement programs like Social Security. The percentage change is based on what Obama wants to spend next year compared with what he anticipates the government will spend in 2009 once Congress completes appropriations for this year.

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Health budget aims toward universal coverage

Agency: Health and Human Services

2010 proposal: $821.7 billion ($78.7 billion for discretionary spending, plus $453 billion for Medicare and $290 billion for Medicaid)

Change from 2009 estimate: 7.5% increase

Highlights: The government's gargantuan health insurance programs for the elderly and poor would grow more slowly under Obama's proposed health care budget.

Obama wants to squeeze Medicaid and Medicare spending to help create a 10-year, $634 billion fund billed as a "down payment" on his goal of providing health insurance for all. He would use $316 billion in savings from those entitlement programs and predicts other savings by reducing the rate by which wealthier people can cut their taxes through certain deductions.

Obama's budget proposal acknowledges that "additional funding will be needed" for health coverage for all, but doesn't say how much or where it would come from.

Experts say achieving universal coverage could top $1 trillion over 10 years.

The 2010 budget for Medicare, the health insurance program for people 65 and older, is proposed at $453 billion. That's a 6.5% increase from 2009.

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