Saturday, October 10, 2009

I thought there would be no cuts to Medicare under Obama's Plan?

According to the latest Congressional Budget Office score, the Senate Finance Comm ittee Health Care Bill has a total cost of $829 billion over 10 years, imposes $424 billion in new taxes and fees over the first 10 years and has over $400 billion in Medicare cuts. I have listed the proposed cuts to Medicare below:

Cuts to Medicare

-$133B Medicare Advantage
-$128.8B Hospitals
-$106.3B Inpatient Prospective Payment System
-$22.5B Medicare DSH payments
-$56B Home Health
-$22.2B Medicare Commission
-$22.3B Medicare Improvement Fund
-$19.8B Medicare Part D
-$14.6B Skilled Nursing Facilities
-$23.1B Part B Schedules, Except Physician Services
-$8B CMS Innovation Center
-$11B Hospices
-$4.9B Accountable Care Organizations
-$3B Medical Imaging
-$800M Power Wheel Chairs
-$300M Comparative Effectiveness Medicare Component
-$100M Medigap

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