Betrayal: Obama Cut $716 BILLION From Medicare

“This is the President’s plan: $716 billion cut, 4 million people losing Medicare Advantage and 15 percent of hospitals and nursing homes not accepting Medicare patients. The President’s plan has a dramatic impact on today’s seniors, people 55 years of age and older.” – Mitt Romney

President Obama Cut Over $700 Billion From Medicare To Pay For Obamacare –  A Cut The Obama Campaign Now Refers To As An Achievement:

According To The Nonpartisan Congressional Budget Office, Obamacare Cuts $716 Billion From Medicare. (Congressional Budget Office, Letter To Speaker John Boehner, 7/24/12)

• Miami Herald: “Obama's $700 Billion Medicare-Cut Problem” (Marc Caputo, “Obama's $700 Billion Medicare-Cut Problem,” Miami Herald, 8/12/12)

President Obama’s Senior Campaign Aides Have Bragged That President Obama “Achieved” $700 Billion In “Cuts In Medicare.” CUTTER: “Well, you know ask the wealthy to pay a little bit more. Cut waste from the government. Reform Medicare. More than $300 billion in savings from Medicare. On top of the savings we’ve already achieved. You know I heard Mitt Romney deride the $700 billion cuts in Medicare that the president achieved through health care reform.” (CBS’s “Face The Nation,” 8/12/12)

FLASHBACK: President Obama, In 2009: “Not A Dollar From The Medicare Trust Fund Will Be Used To Pay For This Plan, Not A Single Dollar.” OBAMA: “So don't pay attention to those scary stories about how Medicare benefits will be cut. That will never happen on my watch. We will protect Medicare, so it's a safety net for our seniors that they can count on today, tomorrow, forever. Not a dollar from the Medicare Trust Fund will be used to pay for this plan, not a single dollar.” (President Barack Obama, Remarks, Washington, DC, 9/15/09)

And President Obama’s Cuts Will Impact Benefits For Millions Of Seniors Who Depend On Medicare:

Obamacare’s Cuts Will Cause Enrollment In Medicare Advantage To “Plummet By About 50 Percent” And Leave Seniors With “Higher Out-Of-Pocket Costs.” “In addition to flagging provider cuts as potentially unsustainable, the report [HHS] projected that reductions in payments to private Medicare Advantage plans would trigger an exodus from the popular alternative. Enrollment would plummet by about 50 percent. Seniors leaving the private plans would still have health insurance under traditional Medicare, but many might face higher out-of-pocket costs.” (Ricardo Alonso-Zaldivar, “Report Says Health Care Will Cover More, Cost More,” The Associated Press, 4/23/10)

• The Medicare Trustees Project These Cuts Will Drive 4 Million Seniors Out Of Medicare Advantage Plans By 2018. (Medicare Trustees Report, 4/23/12)

The Medicare Actuary Has Estimated 15% Of “Hospitals, Skilled Nursing Facilities, And Home Health Agencies” Will Be In The Red Before The Decade Is Over. “In the Office of the Actuary‘s April 22, 2010 memorandum on the estimated financial effects of the Affordable Care Act, we noted that by 2019 the update reductions would result in negative total facility margins for about 15 percent of hospitals, skilled nursing facilities, and home health agencies. This estimated percentage would continue to increase, reaching roughly 25 percent in 2030 and 40 percent by 2050. In practice, providers could not sustain continuing negative margins and, absent legislative changes, would have to withdraw from providing services to Medicare beneficiaries, merge with other provider groups, or shift substantial portions of Medicare costs to their non-Medicare, non-Medicaid payers.” (“Projected Expenditures Under An Illustrative Scenario With Alternative Payment Updates To Medicare Providers,” Center For Medicare & Medicaid Services, 5/13/11)

• President Obama’s Medicare Cuts Will Mean Hospitals And Other Care Facilities “Might Drop Medicare Patients.”  “15 percent of hospitals and other care facilities that rely on Medicare reimbursements would become unprofitable, meaning that they might drop Medicare patients.” (Editorial, “Malpractice,” Columbus Dispatch, 4/28/12)

52 Percent Of Doctors Say Obamacare Will Compel Them To Close Or Significantly Restrict Their Practices To Medicare Patients. (Merritt Hawkins, “Health Reform and the Decline of Physician Private Practice,” The Physicians Foundation, October 2010)

FactCheck.org: “The Promise That ‘Benefits Will Remain The Same’ Is Just As Fictional As The Town Of Mayberry…” “Currently, about 1 in every 4 Medicare beneficiary is enrolled in a Medicare Advantage plan. For many of them, the words in this ad ring hollow, and the promise that ‘benefits will remain the same’ is just as fictional as the town of Mayberry was when Griffith played the local sheriff.” (Brooks Jackson, “Mayberry Misleads On Medicare,” FactCheck.org, 7/31/10)

The Columbus Dispatch, On Obamacare’s Medicare Cuts: “Would Limit The Availability Of Care For Millions Of Seniors In The Medicare Program…” “Almost daily, the ill effects of the health-care overhaul passed by Congress last month are becoming apparent. … That's just for starters. The report also warns that the $575 billion in Medicare reductions that are supposed to help pay for the overhaul are unrealistic. … This would limit the availability of care for millions of seniors in the Medicare program at a time when doctors and hospitals already will be stretched thin by the addition of millions of other Americans clamoring to use the health insurance the overhaul will provide.” (Editorial, “Malpractice,” The Columbus Dispatch, 4/28/12)