HCR Update from Mark Sanna: Obama's debt reduction proposal, which is scheduled for release today, will include $320 billion in health care savings, but it will not raise Medicare's eligibility age. Half of its savings result from new tax revenue. President Obama is also sending a warning to congressional Republicans: If they send him a bill that cuts programs for poor and elderly Americans but doesn't impose sacrifice on corporations or ask others to sacrifice, he will veto it.