Republicans Offer Cut in Medicare Advantage Plans (Update2)

The senior Republican on the Senate
Finance Committee, Senator of Iowa, proposed
legislation film editing about $12.5 billion over five old age from
privately run Medicare Advantage programs and said President backed the measure.

The money would be used primarily to halt a scheduled cut in
fees for docs in Medicare, the federal wellness insurance
program for the aged and disabled, Grassley said today on the
Senate floor.

The president of the Finance Committee, Democratic Senator
of Montana, have competing statute law that would cut
$13 billion from the private plans. The Bush
administration previously threatened to blackball statute law cutting
payments to insurance companies that offering the plans, led by and The nonpartisan Congressional Budget
Office said Grassley's measurement would cut down payments in 2009-2014
by $12.5 billion.

''I am ready to sit down down on a bipartizan footing to happen a
compromise that protects seniors' entree to Medicare and that can
be signed into law,'' Grassley said in his statement. ''I hope we
can travel beyond this political exercising soon to carry through what
seniors are counting on us to do.''

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