Recently, President-elect Barack Obama named former senator Tom Daschle (D-S.D.) as his choice for secretary of the Department of Health and Human Services. In this role, not only would he oversee the departments’ $707.7 billion budget which includes Medicare, but he will also be tasked with pushing healthcare reform legislation through Congress, according to a recent article in the Washington Post.
Reform of healthcare, especially Medicare, is a top issue in Washington, D.C. and Obama has campaigned for the last two years on reform ideas including insurance coverage for all children and reduction of family medical bills by $2,500.
Daschle will have to tackle Medicare spending which is projected to grow annually by 7.5 percent over the next decade as well. Medicare trustees project that Medicare’s Trust Fund will be exhausted in 2019.
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