Kaiser: Romney vow to repeal Obamacare will make Medicare insolvent by 2016

[janedrake]

http://www.examiner.com/article/kaiser-r...16?cid=rss



"Repealing Obamacare would accelerate the projected year of insolvency for the
Part A Hospital Insurance (HI) Trust Fund by eight years, from 2024 (current
projection) to 2016 (if Romney repeals Obamacare). This is because spending for
services under Part A would increase, and revenues dedicated to Part A would
decrease. As a result, within four years, Medicare would not be able to fulfill its
obligation to pay for all Part A covered services. Medicare spending by $716 billion
over ten years relative to the current baseline.

In summary, the Kaiser Foundation concludes that "Medicare provisions of the ACA
(Obamacare) played an important role in putting Medicare on stronger financial
footing."

Obamacare also offset some of the cost of the coverage expansions of Obamacare
and provides additional benefits to people on Medicare. These Obamacare cost
savings were achieved primarily by reducing payments to providers (such as
hospitals and skilled nursing facilities) and Medicare Advantage plans.

Repeal of Obamacare, the Kaiser Foundation concludes, would undo these changes.
It would raise costs for beneficiaries, and increase federal spending at a time when
the nation is struggling to address the deficit and debt."

Full Read:
http://www.examiner.com/article/kaiser-r...16?cid=rss

[jaxx]

That's the idea. The pubs want it gone and have since it was started. Use bootstraps dammit, or die.