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Flawed Healthcare Project Could Cost Obama the 2012 Election

While 56% of likely voters favor repeal of ObamaCare, among seniors, those figures are now likely to skyrocket. 

Effective this year, the Affordable Care Act cuts funding for Medicare Advantage, a popular program selected by nearly 12 million seniors.  

To postpone the political risk accompanying this move until after the 2012 election, the president has proposed an $8.35 billion "demonstration project" ostensibly to measure the affect of the cutbacks. Once the "project" completes, near the end of 2012, the Medicare Advantage cuts commence.

The General Accountability Office (GAO) has suggested the administration "should cancel" the program for several reasons:

  • The administration is not "…conducting an appropriately designed demonstration." 
  • Further, the program fails to "conform to the principles of budget neutrality."
  • The project focuses excessively on 2012 rather than the period required to perform a valid study.
  • The $8.35 billion dollar price tag exceeds the combined costs of all 85 other Medicare demonstration projects conducted in the past 17 years.

Most know that deep cuts in Medicare are required to pay for nearly half of the Affordable Care Act.  Here is what they are just learning:

  • According the CNS Actuary, Medicare is already nearly bankrupt, meaning cuts will reduce care quality or lower doctor's reimbursements.
  • The administration misrepresented the costs of the ACA since the money pulled from Medicare to pay for the new program was also counted as staying in Medicare to make the failing system solvent.  Even today, they continue this ruse.
  • The funding cuts to Medicare Advantage alone will cost the average senior $17,000 over the rest of this decade.

In effect, the $8.35 billion is a presidential campaign boost that totals nearly 40 times the $197 million Mr. Obama has raised to date.  Where will the president find an additional $8.35 billion in an economy already struggling for money and jobs?

The Cornhusker Kickback, the Louisiana Purchase, Gator Aid and numerous shady backroom deals have already spoiled the ACA's reputation.  This latest fraud tarnishes the shaky law further.  As seniors learn more, their losses could cost Mr. Obama the 2012 election.  Read more.




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