There's breaking budget news from several places this morning:
-- "President Obama next week will take the political risk of formally proposing cuts to Social Security and Medicare in his annual budget in an effort to demonstrate his willingness to compromise with Republicans and revive prospects for a long-term deficit-reduction deal, administration officials say." (The New York Times)
Doctors and hospital administrators in parts of the country that are heavy Medicare spenders can relax their grips on their prescription pads and billing computers.
An influential panel on Friday panned the idea raised in Congress to pay them less for Medicare services if their regions are heavy users of medical services.
The idea is an outgrowth of decades of research into why Medicare spends more per beneficiary in some places such as New York City, Florida and McAllen, Texas, and significantly less in parts of Minnesota and Wisconsin.