Tuesday, August 14, 2012
Romney and Obama Medicare cuts are not the same
The Romney campaign and his super PACs are lying again. They claim that the Affordable Care Act will cut Medicare benefits by $700 billion. While it's true that it will cut that much from the program there are no cuts to benefits. Per Robert Reich the cuts will be to payments made to drug companies, hospitals and other providers. Meanwhile the Romney/Ryan plan will make the same amount of cuts but to pay for them they turn the program into a voucher system, which won't keep up with rising health care costs thereby increasing the financial burden on program beneficiaries. And all while giving even bigger tax cuts to the already wealthy. Which do you prefer?