PkrBum wrote:
It messes with Medicare Advantage and how much the government will subsidize each plan. It will cut (not 2013) a little of how much premium dollars it will pay the insurance company, you should be happy for this. $500 million is a drop in the bucket considering how many seniors in the nation have one of these plans. It does not cut from the beneficiary. Remember when Bush signed the Medicare Act of 2003 and implemented the Part D prescription drugs and expanded the Medicare Advantage plans this was suppose to save Medicare 13% per senior on these plans, rather it increased it, so therefore it has to be cut a little. Most people don't understand that the government is paying an annual premium of around $10,000 per person on a Medicare Advantage plan to the insurance company to handle their health care. If they took that back to $9000 it may save the $500 million.
With all the talk about the cuts what about what Obama has done for the prescription drug plan for seniors by gradually closing the donut hole and making the manufacturers pay for more of the drugs in the donut hole.
A republican of all people on faux news this morning said that seniors don't realize that Ryan's Medicare plan will take away from the drug plan and Medicare advantage plans immediately after passed. So this plan that is only suppose to effect 55 and under in the future is smoke up everyone's ass.
If you look back Bush borrowed the money from social security to fund the beginning of the war. Too many IOU's in this program, too bad it could have sustained itself if both parties had not borrowed for many, many years.
Privatize social for your age group and in 25 years another 911 happens or depression and all your age group has saved is wiped out. I don't know what the solution is, but I know as an independent leaning on voting for Romney just lost my vote.
there is no doubt that medicare will be cut... and every other govt expense including the obamacare expanded medicaid. i keep saying it, but... we will either make these cuts now with clear eyes... or they will be dictated to us as terms of our debt. it ain't rocket surgery.[/quote]
The slashes to Medicare, under ObamaCare is $500 BILLION not $500 MILLION. Slight difference.
CBO: Medicare Cuts Could “Reduce Access To Care Or Diminish The Quality Of Care.” (CBO Director Doug Elmendorf, Letter To Sen. Harry Reid, 11/18/09, P. 1, 17)
$135 BILLION IN CUTS TO HOSPITALS SERVING SENIORS
(CBO, E-mail To Senate Leadership Staff, 11/20/09)
$120 BILLION IN CUTS TO MEDICARE ADVANTAGE
MORE THAN $40 BILLION CUT FROM HOME HEALTH AGENCIES
(CBO, E-mail To Senate Leadership Staff, 11/20/09)
NEARLY $15 BILLION IN CUTS TO NURSING HOMES
(CBO, E-mail To Senate Leadership Staff, 11/20/09)
NEARLY $8 BILLION FROM HOSPICES
(CBO, E-mail To Senate Leadership Staff, 11/20/09)
Medicare is in deep trouble. It needs to be fixed, not raided to create yet another new government program.