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The regulator maintains the program is "actually very different from money market investments".
But his remarks paint in broad strokes a plan that maintains the program for current seniors and those approaching retirement –- following the blueprint of Rep. Paul Ryan's (R-Wis).
The Department of Emergency Medicine provides all of the EIT infrastructure (including additional personnel, physician training, nursing training, physical plant modifications, and critical care equipment) and maintains the program exclusive from all inpatient critical care services.
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"We maintained the program on his shoulders that year".
Maintaining the program meant taking money from other services for the elderly.
The health secretary can, however, adjust premiums as needed to maintain the program's solvency.
Even if the Pell Grant program is not cut, maintaining the program may require cuts in other student aid programs.
"Security will be maintained, the program will be paid for by the private sector, and it will not disadvantage the general public when they fly," he said.
His scaling back comes as CBS News executives are beginning to focus on how to maintain the program as key players inch closer to retirement.
Pearl said that if he could go back and amend his actions, he would maintain the program "to the letter of the law".
Still, Watts is determined to maintain the program's tradition and to inhabit the role for his players that Montelli did for so many years.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com