In his analysis accompanying the recently released Annual Report of the Medicare Board of Trustees, Richard Foster, Medicare's chief actuary, noted that Medicare payment rates for doctors and hospitals serving seniors will be cut by 30% over the next three years. Under the policies of the Patient Protection and Affordable Care Act, by 2019 Medicare payment rates will be lower than under Medicaid. Mr. Foster notes that by the end of the 75-year projection period in the Annual Medicare Trustees Report, Medicare payment rates will be one-third of what will be paid by private insurance, and only half of what is paid by Medicaid.
Altogether, ObamaCare cuts $818 billion from Medicare Part A (hospital insurance) from 2014-2023, the first 10 years of its full implementation, and $3.2 trillion over the first 20 years, 2014-2033. Adding in ObamaCare cuts for Medicare Part B (physicians fees and other services) brings the total cut to $1.05 trillion over the first 10 years and $4.95 trillion over the first 20 years.
That's via Peter Ferrara and Larry Hunter at WSJ. There's more and it's worse. Read the whole thing.
And don't expect the Medicare Czar to get all up in arms about this. It's exactly what Dr. Death Panel would want. And let's not forget, AARP endorsed this garbage for their members, too.
Oh and if that doesn't rock your boat, you might take note of the fact that private insurance is going up too.
Yeah. All that crap about "if you like your health care plan, you can keep it!" was exactly that. Crap.
The party of compassion doesn't care much about your mother. Or your grandmother. Or you, for that matter.
Joe Wilson was right.