Filed Under:Markets, Employee Benefits

House Panel Approves Ryan Budget Proposal

With Dueling Video - Ryan Said and Van Hollen Said

(LHP Photo/Allison Bell>
(LHP Photo/Allison Bell>

Members of the House Budget Committee voted 19-18 late Wednesday for a measure, a Fiscal Year 2013 budget resolution proposal, that could repeal the Patient Protection and Affordable Care Act (PPACA) and change the way the traditional Medicare program serves younger workers.

The vote was so close because two Republicans, Justin Amash, R-Mich., and Tim Huelskamp, R-Kan., opposed the measure, arguing that it would cut the federal budget deficit too slowly.

After the committee approved the proposal, Ryan said in a statement that President Obama and Democrats in the Senate should do more to balance the federal budget.

"The Democrat-controlled Senate has failed to pass a budget in over 1,000 days, while the president still refuses to offer credible solutions to the most predictable economic crisis in our history," Ryan said in the statement.

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Nichole Morford

Nichole Morford
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