It worked you did read it.
Now do you understand?
I do, but you apparently don't.
the truths I understand in this are:
1. Obama has not cut 700 billion from Medicare at this point.
2. Medicare Advantage costs taxpayers 14% more than traditional medicare and this is where Ryan wants to push more of those on Medicare.
1.
The real story flying under the radar is the huge cuts to Medicare from the presidents health- reform law. The annual report in August 2010 from the Medicare Board of Trustees showing health reforms dramatic $1.05 trillion in cuts in Medicare over the first decade. For more, see this.
2. The analysis was also flagged in The Wall Street Journal by Peter Ferrara at the Institute for Policy Innovation and Larry Hunter, president of the Social Security Institute.
3.
The health-reform law enacted Medicare payment cuts amounting to $818 billion out of hospital insurance, called Medicare Part A, from 2014-2023, totaling an estimated $3.2 trillion over the first two decades, by 2033.
4.
Factor in cuts in doctor fees for Medicare (Part B), as well as other services, and the grand total amounts to $1.05 trillion over the first decade, or $4.95 trillion over the first 20 years.
This is how the president and Democrats touted the health-reform law as cutting the federal deficit, though they played down the reality in cuts to Medicare, which covers 48.7 million Americans. Health reform has roughly 165 provisions affecting the Medicare program by reducing costs, among other things, the trustee report says, adding the trust fund is on schedule to be exhausted by 2024. Medicare spent $549.1 billion in fiscal 2011.
5.
In the first three years of the law, doctors and hospitals will see their Medicare payments cut by 30% under health reform, the report says, though Congress could revoke them as it has every year since 2003, the report adds.
The cuts seek to make Medicare payment rates lower than Medicaid by 2019. A 75-year projection in the Annual Medicare Trustees Report shows Medicare payment rates half of Medicaids rates, and a third of sums covered by private insurers.
6.
And the Granny ad ignores the fact that President Barack Obamas health-reform law enacts an unaccountable independent payment advisory board," where Congress and the courts cannot review their decisions to deny coverage under Medicare. It will take new legislation from Congress to stop this board. Watch whether the board cuts Medicare coverage for hip and knee replacements, as well as MRI and CT scans, Ferrara and Hunter note.
7. Add to this the fact that the President seeks entitlement reform if he wins a second term, including Medicare. To date, there have been no Dems throwing Granny off a cliff ads just yet.
Deputy campaign manager Stephanie Cutter admitted health reforms deep cuts to Medicare:
"You know I heard Mitt Romney deride the $700 billion cuts in Medicare that the president achieved through health care reform.
8.
Meanwhile, the law gutted Medicares successful free market, private option program, Medicare Advantage, which about a quarter of senior citizens picked because they liked the insurance coverage and the good deals.
9.
The Medicare actuary has projected about half of all Medicare Advantage enrollees will see their coverage dropped due to ObamaCare cuts. So what happened to President Obama's promise that "If you like your health plan, you will be able to keep it?
10
The way the Ryan plan works would cap the federal governments subsidy at the cost of the second least-expensive plan in the exchange.
The premium subsidy is capped at the growth in U.S. GDP plus a half a percentage point. Congress would be forced to stop any faster increaseswhich would likely happen given medical inflation.
Read more:
The Ryan Medicare Plan | Fox Business
