Sunday, August 02, 2015

Truest statement of the week II

While President Obama and the Democrats seek to distance themselves from proposals to privatize Medicare, Ryan and Bush only openly express what many Democrats are thinking. The Obama administration, with the Affordable Care Act (ACA) leading the charge, is working to gut Medicare and transform it into a poverty program with barebones coverage for the majority of working class and middle class seniors.
In 2013, the Congressional Budget Office estimated that the ACA would reduce Medicare spending by $716 billion from 2013 to 2022. Under the first four years of the ACA, home health care under Medicare is being cut by 14 percent, including $60 million in 2015 and $350 million in 2016. While doing nothing to rein in the outrageous charges by pharmaceutical companies for cancer and other life-saving drugs, the Obama administration’s proposed 2016 budget includes $126 billion in cuts from what Medicare will pay for these drugs.

In what constitutes a historic attack on the program, Obama hailed as a “bipartisan achievement” passage of a bill in April that expands means testing for Medicare and establishes a new payment system in which doctors will be rewarded for cutting costs, while being punished for the volume and frequency of the health care services they provide.

-- Kate Randall, "Fifty years on: Medicare under assault" (WSWS).
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