How ObamaCare Guts Medicare

Wall Street Journal ^ | SEPTEMBER 9, 2010 | PETER FERRARA AND LARRY HUNTER

[Jeff Gordon]

.....

In his analysis accompanying the recently released Annual Report of the Medicare Board of Trustees, Richard Foster, Medicare's chief actuary, noted that Medicare payment rates for doctors and hospitals serving seniors will be cut by 30% over the next three years. Under the policies of the Patient Protection and Affordable Care Act, by 2019 Medicare payment rates will be lower than under Medicaid. Mr. Foster notes that by the end of the 75-year projection period in the Annual Medicare Trustees Report, Medicare payment rates will be one-third of what will be paid by private insurance, and only half of what is paid by Medicaid.

.......

[Jeff Gordon]

By the time most people realize what has happened, the Obama/Pelosi/Reid will be long gone and laughing at us from retirement.

[trumandogz]

Abolish Obamacare
Abolish Medicare.