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.