April 24, 2012

All Hail Harsanyi!

I'd seen something on this, but my pal Harsanyi explodes it. The Administration proposes a "pilot" program to delay the budget-cut side of ObamaCare® until next year.

If the law had been followed as written, Obamacare should have slashed the popular market-oriented Medicare Advantage program this year. The cuts are needed to divert funding to a Medicaid expansion that will provide coverage to millions of uninsured -- the central case for the creation of Obamacare.

It's no surprise that Medicare's most market-focused program pushes down premiums and enrollment up. So rather than allow millions of enrollees in vital swing states, such as Florida, to experience a major benefit cut right before an election, the administration founded an $8.3 billion pilot program. This year, for example, the program offsets about 70 percent of the cuts in Advantage. The cost will be paid from the Medicare trust fund (which had a $288.3 billion shortfall this year). The consequences will be put off, conveniently, until after the election.

Health Care Posted by John Kranz at April 24, 2012 7:47 PM
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