04-25-2012, 08:37 PM
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Join Date: Mar 2012
Location: Phoenix, AZ.
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Medicare Advantage Cuts from Obamacare
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Editorial Exegesis
Obama's October surprise is already on the table"Re-electing President Obama is really important to President Obama, which isn't news. What is news are the out-of-liberal-character acts that his Administration is committing to serve this political goal. ... ObamaCare slashes about $145 billion from Medicare Advantage, the program that allows one of four seniors to escape the traditional entitlement and choose commercial plans. ... Medicare's budget counters estimate that ObamaCare's cuts in the Advantage program will result in enrollment falling by half. The cuts were scheduled to begin this year. ... So in November 2010 Mr. Obama's Medicare team announced a nationwide Medicare Advantage 'demonstration project' that would test if paying insurers bonus subsidies would improve quality over the next two years. Lo and behold, according to a new investigation by the Government Accountability Office, or GAO, the $8.35 billion pilot program is just enough to reverse 71% of the Advantage cuts that would have hit seniors in the run-up to November. And behold again, the demonstration project turns into a pumpkin in 2013. ... [M]r. Obama's Health and Human Services Department is allowed to spend unlimited taxpayer dollars as long it claims the money is going to 'demonstration projects' to fine-tune Medicare Advantage. The real game here is purely political -- to give a program that is popular with seniors a temporary reprieve past Election Day. ... Given the pre-election timing of this short-term Medicare Advantage pardon, the Federal Election Commission should bill HHS for giving Mr. Obama's campaign what amounts to an $8.35 billion re-election contribution." --The Wall Street Journal
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Chronicle for Wednesday, April 25, 2012 - Editions - PatriotPost.US
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