Report: ObamaCare would cut Medicare, raise costs

No surprise here considering what we already know about the Pelosi ObamaCare bill passed last week in the House. Medicare would be the first on the table when the knives come out to carve money out of every corner of the federal budget to fund this monstrosity. Furthermore, another study shows that the health care costs as a percentage of GDP would rise under Pelosi’s legislation.

The Washington Post reports on the Medicare debacle:

A plan to slash more than $500 billion from future Medicare spending — one of the biggest sources of funding for President Obama’s proposed overhaul of the nation’s health-care system — would sharply reduce benefits for some senior citizens and could jeopardize access to care for millions of others, according to a government evaluation released Saturday.

The report, requested by House Republicans, found that Medicare cuts contained in the health package approved by the House on Nov. 7 are likely to prove so costly to hospitals and nursing homes that they could stop taking Medicare altogether.

Congress could intervene to avoid such an outcome, but “so doing would likely result in significantly smaller actual savings” than is currently projected, according to the analysis by the chief actuary for the agency that administers Medicare and Medicaid. That would wipe out a big chunk of the financing for the health-care reform package, which is projected to cost $1.05 trillion over the next decade.

How shocking that when you cut the amount of money Medicare pays for procedures, some facilities are likely to opt out of accepting it as a form of payment. Thus, seniors who are forced to rely on Medicare will have a dwindling amount of hospitals and primary care physicians which will agree to see them under the government system.

On another note, Politico is reporting that the Pelosi ObamaCare bill will increase health care costs, not actually reduce them. Wasn’t that argument the crux of the reasoning behind Obama’s desire for a government health care takeover? To reduce health care costs? Well it ain’t happening under this bill:

Democrats have promised that health reform would reduce health care costs, but legislation the House passed last week would increase costs over the next decade by $289 billion. By 2019, health costs would rise to 21.1 percent of GDP compared to 20.8 under current law, according to an actuarial report prepared by the Centers for Medicare and Medicaid Services.

“With the exception of the proposed reductions in Medicare payment updates for institutional providers, the provisions of H.R. 3962 would not have a significant impact on future health care cost growth rates. In addition, the longer-term viability of the Medicare update reductions is doubtful,” the report said.

In other words, outside of Medicare payment cuts to hospitals, the bill doesn’t curb increasing health care costs. And even the Medicare payment cuts will be difficult to sustain.

The analysis is more bad news for Democrats, who are facing increasing criticism that their reforms don’t do enough to control costs. Republicans released the analysis and jumped on the news.

The argument that we need ObamaCare to help cut costs is non-existent at this point since all data indicates it will not achieve that objective, it will exacerbate the problem.

ObamaCare is a poison pill for America and there has been no statistical estimates to prove otherwise, in fact they are all knocking down the claims from President Obama and the Democrats in congress.

We do not need a government solution, we need government to get out of the way and help formulate a better private sector solution for health insurance. Instead what we’re getting is higher costs, more bureaucracy and less freedom to make health care decisions.