Wednesday, February 20, 2013

Obama Announces Medicare Cuts To Fund Obamacar


                        


What?  Obamacare is going to cost the taxpayer more money? It's going to hurt Medicare?  You don't say........  (insert sarcasm)


During the 2012 election campaign, Democrats denied that ObamaCare made $716 billion in cuts to Medicare in order to provide funding toward $1.9 trillion in new entitlement spending over the next ten years. 


In an announcement on Friday, however, the Obama administration revealed that it would be significantly reducing funding for Medicare, a move that one health insurance analyst said “would turn almost every plan in the industry unprofitable."



For the full story visit  here...


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