Seniors will suffer under Obamacare
According to the Congressional Budget Office, Obamacare will cost at least $938 billion over the next decade. So here’s the big question: Who is going to pay for it? The answer is … drum roll please … senior citizens. – Sally Pipes at Washington Examiner
Sally Pipes at Washington Examiner
As it turns out, more than half this bill will be covered through cuts in Medicare spending.
Medicare affects an enormous portion of the population. In 2008, it covered more than 45 million Americans. Roughly 38 million of them were 65 or older. The other 7 million were disabled.
All told, the president’s health care bill will cut Medicare by $575 billion over 10 years, according to the Centers for Medicare and Medicaid Services. Seniors and the disabled are going to see their costs rise and their quality of care suffer.
Medicare is an expensive program, and it could certainly benefit from some streamlining. In fact, Medicare fraud has grown into a $60 billion-a-year business.
But the legislation does virtually nothing to curtail fraud. Instead, it takes a slash-and-burn approach. Most troubling, the legislation attacks Medicare Advantage, the one aspect of Medicare that’s working particularly well.
Sally Pipes is president of the Pacific Research Institute and author of the new book “The Truth About Obamacare.”
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