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House GOP Releases FY 2016 Budget Plan

House Budget Committee Chairman Tom Price (R-GA) today released a federal fiscal year 2016 budget plan that would overhaul Medicare and fully repeal the Affordable Care Act (ACA). The proposed budget would turn Medicare into a voucher program for anyone 56 years or younger, as previously proposed by former chairman Rep. Paul Ryan (R-WI), beginning in 2024. The budget would repeal the ACA’s Medicaid expansion and provide a block grant to states for the Medicaid program, resulting in a cut of $913 billion over 10 years. The budget, which includes $5.5 trillion in cuts in total over 10 years, does not carry the force of law if passed, but passage would allow for a procedural process known as reconciliation. Reconcilation would allow Congress to approve other bills with a simple majority vote, avoiding Democratic filibusters in the Senate. The Senate Budget Committee is expected to release its own budget plan tomorrow.