Obama Attacked McCain For Making Medicare Cuts To Pay For His Health Care Plan: “It Ain’t Right”
President Obama often fends off attacks he cut Medicare to pay for ObamaCare. But in 2008, Obama was himself attacking John McCain on parallen terrain, saying his plan cut 800 billion dollars from Medicare to pay for his health care reform plan.
HOT ON
More Buzz
-
- dwaynep Obama Attacked McCain For Making... and thinks it’s Ew, Trashy & Fail
- Obama Attacked McCain For Making... was rebuzzed by WNYmedia
-
gavinm2 10 months agoObamacare doesn’t “cut” Medicare. The savings come from eliminating a massive subsidy to private insurers and gradually reducing the rate of growth in payments to some providers. These changes, while not catastrophic for Medicare, are important. Under the ACA, the federal government will substantially reduce the amount it spends funding Medicare Advantage, which is privately administered insurance offered to Medicare beneficiaries. About one-quarter of Medicare recipients are enrolled in private Medicare Advantage. In theory, these plans are supposed to manage health care spending better than fee-for-service Medicare. But they don’t actually save the federal government any money. They cost, per patient, 14% more than traditional Medicare. (See Figure 3 of this fact sheet from the Kaiser Family Foundation. And see here for more.) The ACA eliminates this subsidy and pegs Medicare Advantage payments to quality metrics. The second bunch of money that gets cut from Medicare under Obamacare comes from providers. Hospitals, home health agencies and others will see Medicare payments grow more slowly than they have in the past. Medicare benefits will not change Read more: http://swampland.time.com/2012/08/16/fact-check-obamacares-medicare-cuts/#ixzz23oTtOaix
-
Special Reactions
Your Reaction?
GET STARTED