WASHINGTON (Reuters) -- President Barack Obama Saturday proposed an additional $313 billion in cuts to Medicare, Medicaid and other programs to pay for health care reforms expected to cost about $1 trillion over the next decade.
"I know some question whether we can afford to act this year. But the unmistakable truth is that it would be irresponsible to not act," Obama said in an advance text of his weekly radio address.
Obama wants a health care reform bill on his desk by October, but faces opposition from Republicans who oppose creation of a government-run insurance plan to compete with private insurers.
Many of his fellow Democrats are wary of making deep cuts to Medicare and Medicaid, the U.S. health care programs for seniors and poor people, to pay for reform.