Behind The Funding Of Obamacare

Yesterday the Washington Free Beacon posted an article about the changes to the Medicare Advantage program that will occur under Obamacare.

Recently, the Obama Administration launched an $8.35 billion “demonstration project” to delay Obamacare cuts to the Medicare Advantage program until after the 2012 election. Because of this “demonstration project,” many senior citizens will not realize that their medicare has been cut until after the election. The money cut from Medicare is not to make Medicare more solvent–it is to fund the new entitlement programs included in Obamacare. The Government Accountability Office (GAO) has asked that the “demonstration project” be cancelled because it does not conform to the principles of budget neutrality–meaning the money to fund the program is not offset by spending cuts and will have to be borrowed. 

The article concludes:

The Weekly Standard’s Jeffrey H. Anderson has written extensively about the controversial program here.

“This is a grossly underreported story—one aimed right at what is perhaps Obama’s most vulnerable point: his amazing decision to pay for Obamacare largely by looting from Medicare,” Anderson told the Washington Free Beacon in an email. “What’s more, it ties in the corruption and lawlessness of his administration and hearkens back to the Cornhusker Kickback, the Louisiana Purchase, and Gator Aid.”

It really is a shame that the Supreme Court did not declare all of Obamacare unconstitutional–they could have saved all of us a lot of aggravation! Meanwhile, we need to elect a Congress and a President who will repeal this awful bill and replace it with something consumer friendly and market friendly.

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