Tuesday, October 16, 2012

OBAMACARE'S IMPACT ON MEDICARE

The Heritage Foundation documents how Obamacare raids Medicare to pay for other new programs.  There is a problem waiting to happen.  Stay healthy if you are over 65.

The money is cut from hospital services, Medicare Advantage, skilled nursing services, hospice services, and other Medicare services. To be clear, the cuts do not target individual institutions or medical organizations suspected of waste, fraud, or abuse.

Further, seniors will face greater barriers when attempting to access care. The Medicare actuary projects that over the next 10 years, Medicare Part A providers (i.e., hospitals and nursing homes) may stop accepting Medicare patients or 15 percent of them will become unprofitable due to the severe Obamacare cuts. If Obamacare remains on the books, the number of providers becoming unprofitable will reach 40 percent by 2050. A doubling of Medicare patients with a major reduction in the number of providers will guarantee access problems for senior citizens.

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