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How ObamaCare Guts Medicare
Wall Street Journal ^ | 9/9/10 | PETER FERRARA and LARRY HUNTER

Posted on 09/09/2010 5:23:18 PM PDT by rhema

The Democratic Senatorial Campaign Committee has attacked Senate Republican candidates for wanting "to end Medicare as we know it." And in Nevada's hotly contested Senate race, Majority Leader Harry Reid is attacking Republican Sharron Angle, saying she wants to "gut" Medicare. But Mr. Reid has already gutted it. He and his colleagues did so by passing ObamaCare.

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.

Altogether, ObamaCare cuts $818 billion from Medicare Part A (hospital insurance) from 2014-2023, the first 10 years of its full implementation, and $3.2 trillion over the first 20 years, 2014-2033. Adding in ObamaCare cuts for Medicare Part B (physicians fees and other services) brings the total cut to $1.05 trillion over the first 10 years and $4.95 trillion over the first 20 years.

These draconian cuts in Medicare payments to doctors, hospitals and other health-care providers that serve America's seniors were the basis for the Congressional Budget Office's official "score"—repeatedly cited by the president—that the health-reform legislation would actually reduce the federal deficit. But Mr. Obama never disclosed how that deficit reduction would actually be achieved.

There will be additional cuts under ObamaCare to Medicare Advantage, the private option to Medicare that close to one-fourth of all seniors

(Excerpt) Read more at online.wsj.com ...


TOPICS: Editorial; Front Page News; Government
KEYWORDS: congress; democrats; economy; elections; fail; healthcare; liberalfascism; medicaid; medical; medicare; obama; obamacare; reid; socialisthealthcare
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To: Notary Sojac; Condor51

>And those taxpayers are going to have to pay more and more and more, every year,

Just like I have over the past 40+ years. Just like that.

> turn down the “how dare they cut MY benefits” sense of entitlement just a notch or two, mmkay??.

Mmkay, my butt - I paid just like we all did and now its time to collect as its needed.
That needs to be turned *up a notch, not down.


21 posted on 09/12/2010 1:35:48 PM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: Notary Sojac

And you are a dumbass also. People have PAID into Medicare for all their working years, unlike welfare. You are an idiot. If you are bragging that you are notary you are lucky you had 5 bucks to buy the stupid license, nothing more to that. It is meaningless.


22 posted on 09/12/2010 2:41:38 PM PDT by bfree (The revolution is coming - FUBO)
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To: Notary Sojac

Ok if your parents or grand parents are still alive, then go ahead and get a head start, just put them down, after all they are useless food gobblers.

If you don’t have any elder relatives, shucks just look at neighbors, or consider your own usefulness, maybe you aren’t worth what you think.


23 posted on 09/12/2010 4:20:07 PM PDT by itsahoot (We the people allowed Republican leadership to get us here, only God's Grace can get us out.)
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To: rhema

*


24 posted on 09/12/2010 7:28:00 PM PDT by PMAS
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To: rhema

Obamacare guts medicare bump


25 posted on 09/12/2010 9:38:35 PM PDT by Luigi Vasellini (End the political class.......TERM LIMITS NOW!!!!!!!!!!)
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To: mountainbunny

I think the Cloward-Piven Strategy can easily be thorted by the active means of educating people that they are not entitled to anything, while at the same time teaching them how they are being exploited by those who are.

In short we will create a rift between those who beleive they are entitled to the fruits of other peoples labor and those who desire self-determination.

In that rift we will insert the very real and practical solution of secession, as a practical tool of self-preservation from the abusive thieves.

Right now theses thieves value their social status too highly to risk abandonment. That means they will not want to face the faces of their victims when their victims become aware of the way they use the state to Abuse them.

As a result almost all of them must subsist upon the notion that their system of wealth redistribution is somehow justified. The race war and alleging discrimination and oppression is one of the tools they uses towards this end so too is their class warfare.

Tearing down their class/race warfare arguments have become routine for us just as they have become futial, in that the leftist are dug into their mind set seeing us as the enemy.

The chief solution to this problem is of course total separation of our peoples so that nether side can harm one anther. If they are so convinced that we are exploiting them then they have no room dispute a desire for a total separation.

Liberals will panic much as they already have, after all the very people they been calling names and demonizes as the abusers of the “masses” are really the breadwinners of the masses the abused slaves.

If they dare try to leave liberals will have to face their welfare slaves when the truth becomes unavoidable. They are the true exploiters and abusers.

Worse yet will be the necessity of their switching positions into arguing that they “need” theses demonized “races”/”classes” of men.

You see thats the trick in this situation of exploitation, by an abuser who justifies their actions on the allegations of the ongoing “abuse” of the one they are exploiting. A false allegation that the abuser is well aware of, although the rest of the “house” hold is not.

So as in any household in the absence of the ability to get thou the valise nature of that allocation a peroid of separation is helpful in order to let the truth revile itself.


26 posted on 09/12/2010 10:10:38 PM PDT by Monorprise
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To: bill1952; bfree; itsahoot; Condor51
Anyone who has paid into Medicare for forty years, assuming their annual income was $80,000 for that entire period, has paid in maybe $50,000, tops.

One hospital stay for something like a cardiac bypass or valve implant will pretty much zero that out.

So from then on, that Medicare patient is riding in the cart that younger workers are pulling.

Interesting to know that you are apparently in favor of spending every single dollar on Medicare patients that they desire to consume.

Guess we'll just have to triple or quadruple the tax on your grandkids and greatgrandkids to cover that.

Hey, why not? The ungrateful little bastards would just piss it all away on those eye-pads and tee-voes, anyway.

27 posted on 09/13/2010 6:46:08 AM PDT by Notary Sojac ("Goldman Sachs" is to "US economy" as "lamprey" is to "lake trout")
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To: Condor51
Medicare is just like Health Insurance and it has premiums due each month.

What you are paying is a premium for either a Medicare Advantage plan or a medigap policy, which cover services that "regular" Medicare does not cover.

Those supplemental policies are actuarily sound, because the insurance companies that offer them are required to keep them so.

If the core Medicare program were "just like health insurance" it would be required to be stable on an actuarial basis. The premiums would have to rise, or the benefits be cut, to bring the future liabilities into line with anticipated revenues.

They aren't, and it isn't.

28 posted on 09/13/2010 6:57:50 AM PDT by Notary Sojac
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To: Notary Sojac

I believe the unfunded liability of Medicare is in the trillions of dollars. No matter who is in charge or how it’s run, there will have to be drastic cuts in the future.
Social Security will be similar.
Bernie Madoff went to jail, Democrats go to Wash DC.


29 posted on 09/13/2010 7:00:22 AM PDT by nascarnation
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To: nascarnation
No matter who is in charge or how it’s run, there will have to be drastic cuts in the future.

One hundred percent correct, sir.

I will be retiring in perhaps ten years.

I fully expect that much of the medical care offered to today's Medicare beneficiaries will be available to me only if I can pay for it out of my own pocket.

30 posted on 09/13/2010 7:04:32 AM PDT by Notary Sojac
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To: Notary Sojac

You truly are an idiot. It is no different than pre paying insurance premiums. You obviously don’t care to understand basics.


31 posted on 09/13/2010 7:35:53 AM PDT by bfree (The revolution is coming - FUBO)
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To: Notary Sojac
Anyone who has paid into Medicare for forty years, assuming their annual income was $80,000 for that entire period, has paid in maybe $50,000, tops.

And a kid who has worked 5 years and paid......? Has a Car wreck and has two have to legs reattached and years of rehab? Insurance is simply a way of distributing the cost over a large group.

There has never been a hurricane where I live and their will never will be, but you can rest assured that, when NoLo has one our rates are affected.

Same thing with car insurance, I have never had a wreck, but every time a kid has on, or because the area you live in has a lot of high dollar cars on the road, my insurance rate is affected, so old people have paid through the wazoo for plenty of stuff they have never personally benefitted from.

Not to mention Insurance companies, unlike the government, use the money we pay in to make money.

Maybe we should figure out ways to make health care more efficient, rather than just close the shop to certain people.

I recently had three stents put in, all told took the doctor about 2 hours, about 4 hours on a bed until I could get up, and go home. Why should that cost $125,000.00? Blue Cross paid them a little over $5,000.00 and I was not responsible to pay the rest. Maybe they over bill a little?

32 posted on 09/13/2010 2:27:30 PM PDT by itsahoot (We the people allowed Republican leadership to get us here, only God's Grace can get us out.)
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