In it, but not of it. TPM DC
Though the memo lacks key details about many of the cuts, it contains enough to show where, exactly, Republicans hope to achieve savings. Its largest single source of savings -- $100 billion worth -- comes from what the memo terms "Medicaid FMAP Reform," or matching funds to state governments for providing Medicaid services.
It calls for up to $53 billion in savings from instituting new cost-sharing protocols for so-called Medigap policies -- supplemental insurance sold to Medicare beneficiaries to cover the cost of services not covered, or partially covered by Medicare. Specifically, it would institute a $530 out-of-pocket premium for certain Medigap plans. It also calls for over $80 billion in additional cost-shifting for home health coverage, and for medical and prescription drug coverage.
More information when we get it, but for now, read the memo here.