Author Topic: House subcommittee: Obamacare's $300 billion Medicare Advantage raid will hurt seniors next year  (Read 197 times)

0 Members and 1 Guest are viewing this topic.

Online rangerrebew

  • America defending Veteran
  • TBR Contributor
  • Hero Member
  • *****
  • Posts: 65,566
  • “It’s easier to fool people than to convince them
House subcommittee: Obamacare’s $300 billion Medicare Advantage raid will hurt seniors next year

Posted By Patrick Howley On 10:38 PM 12/04/2013 In | No Comments


Obamacare “raided” $300 billion for Medicare Advantage and seniors will begin feeling the cuts next year, according to an analysis Tuesday by the House Energy and Commerce Health Subcommittee.

Obamacare took $700 billion from Medicare and $300 billion from Medicare Advantage alone for its own funding, according to the subcommittee. The cuts to Medicare Advantage beneficiaries will “begin to be fully realized in the next year,” according to the subcommittee.

“There was a promise made to seniors as well. The promise was that we’re going to use your Medicare dollars as a piggy bank to fund the Affordable Care Act, and in doing that we’ll improve Medicare and allow seniors to keep their doctors if they liked. So, do you have an opinion as to whether or not this is another broken promise?” subcommittee vice chairman Rep. Michael Burgess said in a statement.

“Those most hurt by the cuts are low-income seniors in rural areas without other options for supplemental Medicare coverage. Additional scheduled cuts in the future will broaden the damage to Medicare Advantage,” said American Action Forum president Doug Holtz-Eakin.

Twenty-eight percent of Medicare beneficiaries were enrolled in Medicare Advantage plans in 2013.

Follow Patrick on Twitter

--------------------------------------------------------------------------------

Article printed from The Daily Caller: http://dailycaller.com

URL to article: http://dailycaller.com/2013/12/04/house-subcommittee-obamacares-300-billion-medicare-advantage-raid-will-hurt-seniors-next-year/

Abraham Lincoln:

There is no grievance that is a fit object of redress by mob law.
--January 27, 1838 Lyceum Address

Don't interfere with anything in the Constitution. That must be maintained, for it is the only safeguard of our liberties. And not to Democrats alone do I make this appeal, but to all who love these
great and true principles.
--August 27, 1856 Speech at Kalamazoo, Michigan

Let us then turn this government back into the channel in which the framers of the Constitution originally placed it.
--July 10, 1858 Speech at Chicago


Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo
Smf