This will push further consideration of the HEA bill into the first week of June at the earliest, when the Senate returns. The short-term solutions presume a permanent resolution to setting student loan interest rates will be developed over the next year or so. The most commonly discussed resolution involves a variation on a market-based, auction system under which the lending market would set the interest rate on student loans through a competition for the right to originate loans. The Department of Education , or some type of independent commission, would be the administrator of such a program. The draft accepts a number of the president's proposals and proposes some funding increases.
Hospitals are the only providers affected by the proposed cuts.
Substitutes individual entitlement to Medicaid acute care services with a block grant to states. In 1999, acute care represents 60 percent of all federal Medicaid spending. Additional reductions are assumed by capping or reducing Medicaid's administrative funds. Eliminate native Hawaiian health care program. Terminate chiropractic demonstration grants.