So says the non-partisan CMS.
The Washington Post reported the House bill will slash funding for senior care.
A plan to slash more than $500 billion from future Medicare spending — one of the biggest sources of funding for President Obama’s proposed overhaul of the nation’s health-care system — would sharply reduce benefits for some senior citizens and could jeopardize access to care for millions of others, according to a government evaluation released Saturday.
The report, requested by House Republicans, found that Medicare cuts contained in the health package approved by the House on Nov. 7 are likely to prove so costly to hospitals and nursing homes that they could stop taking Medicare altogether.
The Post’s report goes on to say that the bill will decrease health care costs. But, according to The Hill, the CMS report actually finds the House bill will increase health care costs by almost $300 billion.
The House-approved healthcare overhaul would raise the costs of healthcare by $289 billion over the next 10 years, according to an analysis by the chief actuary at the Centers for Medicare and Medicaid Services (CMS).
The CMS report is a blow to the White House and House Democrats who have vowed that healthcare reform would curb the growth of healthcare spending. CMS’s analysis is not an apples-to-apples comparison to the cost estimate conducted by the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) because CMS did not review tax provisions, which help offset the price tag of the Democrats’ measure.
However, the CMS analysis clearly states that the House bill falls short in attaining a key goal of the Democrats’ effort to reform the nation’s healthcare system: “With the exception of the proposed reduction in Medicare… the provisions of H.R. 3962 would not have a significant impact on future healthcare cost growth rates.”
Of course the democrats will deny the existence of the CMS report, or deny its accuracy. And AARP will continue to support the democrats even though the people they allegedly represent will be hurt.
H/T The Corner via memeorandum
Thank you for the link to WaPo’s article. The Medicare debacle which could occur at nursing homes and at all care sites for the aged would also change the lifestyles of those Seniors’ families. The robbing of Medicare by the ObamaCare proponents would affect all Americans.
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Good point.
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Just switched, and bought my supplement with American Seniors
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