Posted on 04/16/2015 4:11:50 AM PDT by IBD editorial writer
Earlier this month, the Obama administration reversed course on spending cuts to the popular Medicare Advantage program. Instead of a nearly 1% cut in payments, private health insurers that offer Advantage plans to seniors would get a 1.25% boost.
The turnabout hardly made news, which isn't surprising since it was the third year in a row that the administration said it was planning to cut payments only to reverse course.
It is, however, emblematic of the fiscal trouble ObamaCare has planted in the federal budget.
(Excerpt) Read more at news.investors.com ...
Based on what John Boehner and the boys just did with the Doc Fix, Obamacare has little to worry about.
Breaking news?
Excellent follow-up article on the "Snooki (tanning) tax" at a link embedded in the original article. It's a year old but relevant...
http://www.politico.com/story/2014/04/obamacares-snooki-tax-disappoints-106026.html>
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