Obama, Biden Now Sing Different Tune on Medicare 'Cuts'
Excerpt:Democrats have defended the $716 billion in Medicare savings in the health care law by arguing that seniors would not be affected because the only spending cuts would be in future payments made to Medicare providers — there would be no cuts whatsoever to actual Medicare benefits. But in 2005, then Sens. Joe Biden and Barack Obama had an entirely different view of spending reductions to Medicare providers. First, some context: The $716 billion in Medicare cost savings in the health care law includes $415 billion in reduced future payments to providers (primarily hospitals, Medicare Advantage, home care, and about $20 billion in fraud prevention). These are only “cuts” in the way Washington defines “cuts” — the payments to providers continue to rise, but at a slower rate. Now flashback to 2005.
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health care payments health care law Obama Medicare Advantage Barack Obama Joe Biden savings Obama administration home care health benefits health insurance Mitt Romney hospitals prescription drug Sens Fast forward a different view a letter impassioned reductions flashback plea reimbursement Medicaid Obamacare fraud long-term veterans nation five years cutting directPeople:
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Source Site: Obama, Biden Now Sing Different Tune on Medicare 'Cuts'
Obama, Biden Now Sing Different Tune on Medicare 'Cuts'
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Democrats have defended the $716 billion in Medicare savings in the health care law by arguing that seniors would not be affected because the only spending cuts would be in future payments made to Medicare providers — there would be no cuts whatsoever to actual...
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Source Site: Obama, Biden Now Sing Different Tune on Medicare 'Cuts'
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