Brace Yourselves.....but don't Panic [View all]

[sheshe2]

Brace yourselves...Obama WILL cut Medicare spending

How do I know that President Obama will cut Medicare spending? Two reasons.

The first is because he already has.http://www.washingtonpost.com/blogs/wonkblog/wp/2012/08/14/romneys-right-obamacare-cuts-medicare-by-716-billion-heres-how/ As we heard so much about in the recent presidential campaign, Obamacare reduced Medicare spending by $716 billion over 10 years.

And secondly, because he's promised to cut more.
http://www.whitehouse.gov/the-press-office/2011/04/13/remarks-president-fiscal-policy

Already, the reforms we passed in the health care law will reduce our deficit by $1 trillion. My approach would build on these reforms. We will reduce wasteful subsidies and erroneous payments. We will cut spending on prescription drugs by using Medicare’s purchasing power to drive greater efficiency and speed generic brands of medicine onto the market. We will work with governors of both parties to demand more efficiency and accountability from Medicaid.

We will change the way we pay for health care -– not by the procedure or the number of days spent in a hospital, but with new incentives for doctors and hospitals to prevent injuries and improve results. And we will slow the growth of Medicare costs by strengthening an independent commission of doctors, nurses, medical experts and consumers who will look at all the evidence and recommend the best ways to reduce unnecessary spending while protecting access to the services that seniors need.

SNIP:

But let me be absolutely clear: I will preserve these health care programs as a promise we make to each other in this society. I will not allow Medicare to become a voucher program that leaves seniors at the mercy of the insurance industry, with a shrinking benefit to pay for rising costs. I will not tell families with children who have disabilities that they have to fend for themselves. We will reform these programs, but we will not abandon the fundamental commitment this country has kept for generations.

Emphasis mine.

More here.
http://immasmartypants.blogspot.com/2013/01/brace-yourselvesobama-will-cut-medicare.html