You are going to hear a 700+ Billion dollar lie repeated a lot by Romney and Ryan in the coming 2 months. The "cuts to Medicare" under Obamacare are COST CONTROLS not a change in benefits or coverage. You see, in a grand experiment to use private insurance companies to administer Medicare (Medicare Advantage plans), the government has been paying these private plans a fee for administering healthcare coverage for Medicare enrollees. The sad fact is that instead of costing the government (American taxpayers, more precisely) LESS (cause private bidness can do it cheaper and better dontchaknow), it actually costs 9 to 14% MORE to care for these enrollees. SO, Obamcare is taking that money back from the private insurers over the next 10 years in the form of lower payments to the private insurance companies. THAT IS THE CUT! A reduction in excess payments for the same healthcare.
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