You can’t chop $716 billion out of Medicare – benefits for which seniors paid their entire working lives – and not expect benefits to be cut. No matter how the law’s supporters try to spin it, the chop is a cut in benefits even if all benefits might still exist on paper.
“Which Parts of Medicare Will Be Cut?”
“In Obamacare, the payment cuts are across-the-board cuts (modifications of Medicare’s complex payment formulas) made throughout the bulk of the Medicare program. According to the nonpartisan Congressional Budget Office (CBO), these cuts will decrease Medicare spending by an estimated $716 billion between 2013 and 2022.”
“The money is cut from hospital services, Medicare Advantage, skilled nursing services, hospice services, and other Medicare services. To be clear, the cuts do not target individual institutions or medical organizations suspected of waste, fraud, or abuse.”
Presidential Debate Prep: Understanding Obamacare’s $716 Billion in Cuts to Medicare
Bob Moffit and Alyene Senger
October 16, 2012
http://blog.heritage.org/2012/10/16/understanding-obamacares-716-billion-in-cuts-to-medicare/