Shocker: Obamacare Steals Nearly $1 TRILLION From Medicare to Fund Itself

By Gary P Jackson

When the evil ObamaCare legislation was first put in motion, the Congressional Budget office told the American people it would steal $500 billion from an already broke Medicare system.

Now the CBO has revised their numbers upward. What’s troubling is not just this upward revision, but the fact we know the CBO is likely understating the the numbers still.

This shouldn’t shock people who understand what ObamaCare is all about. Sarah Palin noted there were death panels in this thing. Unelected, unaccountable government panels that will decide who lives or dies.

For those that still don’t get it, you need to read Dr Ezekiel Emanuel’s “Complete Lives System” and understand how cold and calculating the people who created ObamaCare are.

In the minds of the monsters who created ObamaCare, health care is a commodity, and a scarce one at that. They understand that funds will be scarce as well, so there will be rationing. Under their system, patients will get treatments considered “scarce medical interventions” based on how much they “contribute to society.” This is an age based deal, with people aged 25-30 considered the most important, and most “deserving” of critical care, and the priorities for older folks absolutely collapses after this.

The fact that ObamaCare steals nearly $1 Trillion from Medicare, health care funds used to treat the elderly and disabled, only reinforces the evil that is the “Complete Lives System” which is the basis for the death panels Sarah Palin spoke of.

Joseph Mengele would be proud.

In Barack Obama’s America, life is not precious.

From Alyene Senger at the Heritage Foundation: [emphasis mine]

Last week, a new Congressional Budget Office (CBO) report updated the amount of money Obamacare robs out of Medicare from $500 billion to a whopping $716 billion between 2013 and 2022.

According to the CBO, the payment cuts in Medicare include:

* A $260 billion payment cut for hospital services.

* A $39 billion payment cut for skilled nursing services.

* A $17 billion payment cut for hospice services.

* A $66 billion payment cut for home health services.

* A $33 billion payment cut for all other services.

* A $156 billion cut in payment rates in Medicare Advantage (MA); $156 billion is before considering interactions with other provisions. The House Ways and Means Committee was able to include interactions with other provisions, estimating the cuts to MA to be even higher, coming in at $308 billion.

* $56 billion in cuts for disproportionate share hospital (DSH) payments.* DSH payments go to hospitals that serve a large number of low-income patients.

* $114 billion in other provisions pertaining to Medicare, Medicaid, and CHIP* (does not include coverage-related provisions).

* Subtract $25 billion total between DSH payments and other provisions for spending that was cut from Medicaid and CHIP.

In total, Obamacare raids Medicare by $716 billion from 2013 to 2022. Despite Medicare facing a 75-year unfunded obligation of $37 trillion, Obamacare uses the savings from the cuts to pay for other provisions in Obamacare, not to help shore up Medicare’s finances.

The impact of these cuts will be detrimental to seniors’ access to care. The Medicare trustees 2012 report concludes that these lower Medicare payment rates will cause an estimated 15 percent of hospitals, skilled nursing facilities, and home health agencies to operate at a loss by 2019, 25 percent to operate at a loss in 2030, and 40 percent by 2050.

Operating at a loss means these facilities are likely to cut back their services to Medicare patients or close their doors, making it more difficult for seniors to access these services.

In addition, as MA deteriorates under Obamacare’s cuts, many of those who are enrolled in MA (27 percent of total Medicare beneficiaries) will lose their current health coverage and be forced back into traditional Medicare, where Medicare providers will be subject to further cuts.

The Centers for Medicare and Medicaid Services chief actuary predicted in 2010 that enrollment in MA would decrease 50 percent by 2017, when Obamacare’s cuts were estimated at only $145 billion. Now that the cuts have been increased to $156 billion (or possibly $308 billion, as the Ways and Means Committee estimates), MA enrollment will surely decrease even further.

But Obamacare’s raid of Medicare doesn’t stop with cuts; it includes a redirection of tax revenue from the Medicare payroll tax hike in Obamacare. The payroll tax funds Medicare Part A, the trust fund that is projected to become insolvent as soon as 2024. Obamacare increases the tax from 2.9 percent to 3.8 percent, which is projected to cost taxpayers $318 billion from 2013 to 2022. However, for the very first time, Obamacare does not use the tax revenue from the increased Medicare payroll tax to pay for Medicare; the money is used to fund other parts of Obamacare, much like the $716 billion in cuts are.

With a raid on Medicare of this magnitude, President Obama’s assertion that his new law is protecting seniors and Medicare is astonishing. The truth is that Obamacare does the opposite.

This is pure evil. No other way to say it. Something must be done to stop this. ObamaCare must be repealed completely. No other solution is acceptable.

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9 Comments

Filed under In The News, Politics, sarah palin

9 responses to “Shocker: Obamacare Steals Nearly $1 TRILLION From Medicare to Fund Itself

  1. Sounds dreadful, Gary – “frightening” is an understatement!

    • Gary P Jackson

      This mess has GOT to be repealed.

      • o/t – but I just read on HuffPo that Romney’s set to announce Paul Ryan as his VP pick tomorrow! True? Whaddya think?

      • Gary P Jackson

        Not a big fan of Ryan. He has a lot of issues. Voted for TARP, Medicare Part D, No Child Left Behind, Expanding SCHIP, even voted to do away with requiring presidential appointments be vetted.

        He also attended the Palin hate fest in DC, the premiere of “Game Change” with Romney henchman Kevin Madden.

        He’s just another Big Government beltway politician. This was a horrible choice.

        Not hearing the usual suspects complain that he doesn’t have the essential experience needed to be president either.

      • I hadn’t realized that “Mr. Conservative Budget Guy” had all those skeletons in his closet! But the worst of all – IMHO – is the fact that he absolutelely wasted his time attending that awful film with one of Romney’s “henchmen,” as you so aptly ID’d him! Lord, that’s a “black eye” in MY book!! Palin has praised his budget suggestions in the past, but maybe that’s just bec. he’s the ONLY GOP type that’s made “fiscal restraint” a mantra (despite his voting record, which you pointed out).

        I’m beginning to feel a big depressed, actually; now, more than ever, we need to keep hearing Palin’s sensible voice above the ignorant fray!

      • Gary P Jackson

        The only thing I can say is it could have been worse. He could have picked T-Paw, Portman, or New Jersey Fats, three horrible choices.

        I don’t think Ryan is the game changer Romney needs. I’m just hoping these two will actually fight and stop letting Obama define the narrative and pick the battlefields!

        The future of our nation depends on it!

  2. Oops, forgot to click on “Notify me…”

  3. The problem is getting this info out to the senior voters, especially in Florida. The MSM will never carry this story, or if they do, they will somehow put a slant on it favorable to Obama.

    • Gary P Jackson

      That’s what campaigns are for. I seriously doubt Romney will get it done though. So, it’s up to each of us to do the work for him.

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