President Barack Obama and the Democrats on Capitol Hill are constantly telling Americans that Republicans want to “End Medicare as we know it.” However, just by saying it does not make it true.
Republicans understand that America has a responsibility to its seniors to preserve and protect Medicare and we are committed to our future generations of Americans.
What seems to get lost in the scare tactics is the simple undeniable truth that Medicare is on a pathway to bankruptcy. The Social Security and Medicare Boards of Trustees report has these programs going “belly up” in 2024 and 2033 respectively.
Just look at the numbers. Americans pay $110,000 -$115,000 into Medicare, but receive closer to $300,000 in benefits. This simply cannot sustain itself. In addition, Medicare is rife with widespread fraud, making the system even more insolvent.
While many on the left want you to believe Republicans will end Medicare, it is the Democrat-controlled Congress that enacted the Patient Protection and Affordable Care Act, with plans to slash $716 billion from Medicare over the next ten years. This is not a political talking point but comes directly from the non-partisan Congressional Budget Office and the Joint Committee on Taxation.
These cuts to Medicare cannot be disputed. President Obama and the Congressional Democrats want to use Medicare as a “slush fund” to pay for their massive government expansion into healthcare. Unfortunately, the money meant for seniors’ health care will go directly into creating 159 new government agencies and bureaucracies.
The cuts include $517 billion to Part A (Medicare Hospital Insurance Trust Fund) and $247 billion to Part B (Supplemental Medicare Insurance Trust Fund) as follows:
- $294 billion payment cuts to hospitals
- $156 billion cuts to Medicare Advantage affecting 25 percent of seniors nationwide
- $39 billion cuts to skilled nursing
- $17 billion cuts to hospice care
- $66 billion cuts to home healthcare
- $33 billion cuts to other providers
- $11 billion cuts resulting from the Independent Payment Advisory Board (the 15-member panel of unelected government bureaucrats making Medicare price control decisions).