Posted on 08/06/2013 9:46:46 AM PDT by William Tell 2
NEW YORK (MainStreet)—"Be careful what you wish for," goes the old saying. After all, you might just get it. Apparently, this choice advice was was forgotten by some major labor union leaders. These union bosses campaigned vigorously for President Barack Obama's Affordable Care Act (ACA) to be passed by Congress into law.
They did so despite warnings from those opposed to the ACA – commonly referred to as Obamacare - that the plan would be problematic. Nonetheless the chiefs of the ...
(Excerpt) Read more at mainstreet.com ...
I am certain that the people who ‘wrote’ the ACA, the equally irresponsible and idiotic people who supported it AND the criminals who voted it into law without even reading it didn’t KNOW or CARE where the money would come from.
That was NOT a consideration.
I have suspected for a long time that O-care is going to wind up taking my entire SS check. Good thing I can live without it.
The vast majority of Seniors who fell for and vote for Obama’s scheme do not realize that their precious Medicare is drastically cut under Obamacare.
Newsmax
Obamacare Could Produce $100 Trillion Medicare Shortfall
Tuesday, June 25, 2013 02:08 PM
By: Dan Weil
Medicare — despite the administration’s rosy forecasts — is headed for a financial crisis, thanks largely to Obamacare, say healthcare experts John Goodman and Laurence Kotlikoff.
Goodman is president of the National Center for Policy Analysis and Kotlikoff is an economics professor at Boston University.
In a report last month, Medicare trustees “acknowledge that current law envisages dramatic reductions in future Medicare outlays which may be ‘difficult to sustain,’” the two write in The Wall Street Journal.
“Yet even with these unrealistic assumptions about Medicare costs, the future looks bleak. The unfunded liability in Medicare, the trustees tell us, is $34 trillion over the next 75 years.”
Goodman and Kotlikoff contend that “based on more plausible assumptions, such as those reflected in the ‘alternative’ scenario for Medicare produced by the Congressional Budget Office in June 2012, the long-term shortfall is more than $100 trillion.”
The trustees’ estimates are “based on the assumption built into law that next Jan. 1 there will be a 25 percent decrease in the fees that Medicare pays doctors,” they say.
That’s because Congress passed a law in 1997 forbidding Medicare physician fees from growing faster than the economy as a whole. “Since then, though, Congress has postponed the cuts on 14 occasions,” the two write. “Why assume things will be different now?
As for Obamacare, “to pay for the expansion of health insurance for the young, the new health law calls for steep cuts in the growth of healthcare spending on the elderly,” Goodman and Kotlikoff write.
The say “draconian” cuts in payments to providers will have to be made.
“Medicare fees would fall below the reimbursement rates for Medicaid next year and fall further and further as the years go by,” they say.
“From a financial point of view, senior patients will become less desirable than welfare recipients. Medicare’s Office of the Actuary is predicting that one in seven hospitals will completely leave the Medicare system by 2020 because of these pay cuts.”
http://www.newsmax.com/US/Obamacare-Medicare-trillions-shortfall/2013/06/25/id/511819
Congress will again put off the Medicare cuts and just tack the cost on to the deficit.
The goal...the object...the entire ‘reason for the existence of Obamacare is to create a vehicle for SINGLE PAYER HEALTH CARE which will give the government total control over how you live, eat, recreate and die. That was obvious from the start.
You are dead nuts on with that statement.
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