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House Budget Committee Chairman Rep. Paul Ryan, R-Wis., a member of the House Ways and Means Committee, holds a copy of President Barack Obama's fiscal 2014 budget proposal book as he questions Health and Human Services Secretary Kathleen Sebelius on Capitol Hill in Washington, Friday.

WASHINGTON (AP) — President Barack Obama’s new plan to raise Medicare premiums for upper-income seniors would create five new income brackets to squeeze more revenue for the government from the top tiers of retirees.

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