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GLARING OMISSION #22: Biden Fails To Mention The $716 Billion Obama Cut From Medicare

- September 7, 2012

THE GLARING OMISSION: Vice President Biden Says That Mitt Romney Would Cut Medicare

THE TRUTH: President Obama Is The Only One Running Who Has Cut Medicare

President Obama Cut $716 Billion From Medicare To Pay For Obamacare:

According To The Nonpartisan Congressional Budget Office, Obamacare Cuts $716 Billion From Medicare. (Congressional Budget Office, Letter To Speaker John Boehner, 7/24/12)

  • The Miami Herald: “Obama's $700 Billion Medicare-Cut Problem” (Marc Caputo, “Obama's $700 Billion Medicare-Cut Problem,” The Miami Herald, 8/12/12)

“Medicare Actuaries And Trustees Say Medicare’s Hospital Insurance Trust Fund Will Be Exhausted In 2024 Under Current Law.” (Robert Pear, “Romney Medicare Plan Draws A Stark Contrast,” The New York Times, 5/15/12)

Obamacare’s Cuts Will Cause Enrollment In Medicare Advantage To “Plummet By About 50 Percent” And Leave Seniors With “Higher Out-Of-Pocket Costs.” “In addition to flagging provider cuts as potentially unsustainable, the report [HHS] projected that reductions in payments to private Medicare Advantage plans would trigger an exodus from the popular alternative. Enrollment would plummet by about 50 percent. Seniors leaving the private plans would still have health insurance under traditional Medicare, but many might face higher out-of-pocket costs.” (Ricardo Alonso-Zaldivar, “Report Says Health Care Will Cover More, Cost More,” The Associated Press, 4/23/10)

FactCheck.org, On Medicare Under President Obama: “The Promise That ‘Benefits Will Remain The Same’ Is Just As Fictional As The Town Of Mayberry…” “Currently, about 1 in every 4 Medicare beneficiary is enrolled in a Medicare Advantage plan. For many of them, the words in this ad ring hollow, and the promise that ‘benefits will remain the same’ is just as fictional as the town of Mayberry was when Griffith played the local sheriff.” (Brooks Jackson, “Mayberry Misleads On Medicare,” FactCheck.org, 7/31/10)


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