Sen. Tom Coburn's deficit-reduction plan
Would save about $9 trillion over 10 years, including $3 trillion from entitlements, $3 trillion from government departments and agencies, $1 trillion from defense, $1 trillion from ending or modifying tax breaks and deductions, and $1 trillion in interest on the debt.
Would reduce the size of government by 25 percent over 10 years.
Would balance the budget within 10 years.
Medicare and Medicaid
Saves $2.64 trillion from the two health care programs over 10 years.
Creates a combined $550 annual deductible for Medicare's Part A (hospitalization) and Part B (physician services).
Caps out-of-pocket spending at $7,500 annually.
Prevents “Medigap” policies from covering first $500 of expenditures and limits coverage to 50 percent of next $5,000.
Gradually raises Medicare eligibility age to 67 by 2027, then to 69 by 2080.
Increases premiums for Medicare Part B by 2 percent a year for five years for all recipients.
Requires wealthier recipients to pay full premium costs for Medicare Part B and Part D (prescription drugs).
Repeals 2010 health care law provisions that would add millions more people to Medicaid.