Obamacare Steals from Medicare
On Sunday, March 21, the U.S. House with full Democratic support and no Republicans, voted 219 to 211 to steal over a half a trillion dollars from Medicare -- roughly $600 Billion, but who's counting? I know some of you think the just got rid of Medicare Advantage to pay off AARP for some good moral support in getting Obamacare passed. That also is true but they did steal from the already weak trust fund to give Medicare benefits to thus who never paid into the Medicare system.
Considering that you and I pay a portion of all of our earnings to Medicare and it is taken out and accounted for separately on our pay stubs, the Federal Governmebt just stole $600 Billion from our retirement healthcare plan, and the media and AARP pretend that it is OK! It is not OK!
You know that the government makes everybody who works fork over a penny and a half of every dollar they earn into the Medicare “trust fund.” Actually, it amounts to three cents as the employer matches your contribution. Don't we all expect that to be there to pay for your healthcare at 65 years of age? Sorry, Obamacare just took a big wad of that right off the top to give to those who never paid in. And, nobody complained! Wow!
This robbery from public salt-aways has been going on since 1965 when Lyndon Johnson's Great Society locked us all into having a health insurance program for when we hit 65. The government holds the money for us until we retire. The idea is that at that point, we can use it to help with our medical expenses. It was a great idea if only it was funded properly. It was a great idea if politicians did not have other ideas.
Johnson and the Congress realized they couldn’t really afford the Vietnam war so they found all this money from Social Security and Medicare in a big unlocked box with a sign on the box saying "Lock Box." Some think it was an early "Al Gore Lock Box Design." You see, Congress and President Johnson realized they could not afford the war and current government expenses at the same time. They thought when the tooth ferry brought in more gold, they would probably pay it back. Instead they wrote tons of IOUs called Treasury Notes, and they are now all that live in that unlocked Lock Box.
Now that the baby boomers are getting old enough to collect, they want their share of the unlocked Lock Box. But, there is nothing there. So, Uncle Sam now must pay the benefits from current tax revenues, which are not quite enough for the long haul since the funds have been confiscated. The best solution the government can come up with is for Seniors to take the moldy IOU's instead of real benefits. Politicians think that would be great but the government made the mistake of educating the people via public education and well, the people just don't want those worthless IOU's, and even worse than that, they are holding the politicians accountable for making sure they receive their share of that which has already been stolen. .
Senior citizens realized that nobody would take the IOU's/ Evetually, even our corrupt government found that despite the fact that they are the government, they cannot get doctors, grocers, landlords, or Harley Shops to accept any paper that is even more worthless than greenbacks. For a long time the Chinese were willing to take these smelly moldy notes and loan the US government money. The government US took the Chinese money and ran hoping to pretend that the US is not really bankrupt. Now, even the good shown by the Chinese towards our bad debt seems to be running thin nowadays.
Meanwhile, since the CHinese are holding a lot of those old moldy treasury notes that some think have no value, and thus, there is little of anything left in the treasury, the fools in Congress and the President, have extended health insurance benefits to a great number of persons—illegal immigrants included. These are people who either cannot afford health insurance or for some other reason they chose not to pay for it for years and now need it but still don;t want to pay for it.
This new entitlement is called Obamacare and unlike other entitlements, you become entitled to this only if in a sane world, you would not be entitled to this benefit. The rules are like this: If you have never put anything into the fund, you are newly entitled. Those who originally thought they were entitled to what they put in the fund may not get what they think but they must keep putting money in so that those who are unentitled can become entitled and gain this new entitlement. .
Somebody told the politicians that it was nice to grant entitlements out of thin air but, for this Obamacare entilement, the politicians were forced by the ghost of Lyndon B. Johnson to come up with sources of funds. It was OK if they were fictitious sources but they had to be listed so the CBO could count them as legitimate sources.
Finding more money for this new entitlement was lots easier than anybody in COngress could believe. What really helped was that Al Gore came in -- in the last minute and reminded them they were Congress, and they write the rules. After a few writing lessons, the Congress was prepared. So, this is what they did. Somebody told them that the Medicare fund had no funds, and that it needed to be bolstered.
So, after consulting with the goose that laid the golden eggs in the Clinton Administration, they went out and swiped half of the current Medicare tax payments, and whatever was left in the fund, and they carefully placed those moneys into the ObamaCare lockbox, which they keep locked. Johnson had set the precedent and Obama, Reid and Pelosi had no problem stealing again from the suckers. And, nobody in the press began squealing because most think that this was just a Medicare Advantage thingy.
The biggest coup was that the CBO permitted them to double count. For every dollar they stole from the Medicare fund, they were able to say that it was used to strengthen the Medicare fund. So, they were able to strengthen Medicare by $600 Billion dollars but asking $600 Billion from Medicare and shifting it into the locked Obamacare box. Of course it is so ridiculous that nobody beleived it but the people were convinced by the complicit corrupt media that the Democrats had fully funded Obamacare and that Nancy Pelosi's huge gavel could squash any objections.
The Republicans put up a fuss on behalf of the people but now the Democrats have claimed victory and with all the cheering even the seniors seem to be caught up in how wonderful it is that healthcare is now free for all except those that need it. In the case of seniors, their opportunity for care has just been reduced and the dollars are gone forever to pay for care for somebody who has never earned it.
I know all that sound slike hogwash. It is hogwash. Our duly elected representatives resorted to the biggest chicanery of all time to pass Obamacare. Yes, they stole $600 Billion from Medicare. No, they did not bolster Medicare by $600 Billion. No, the dollars are not coming back to Medicare anytime soon. Why Seniors do not want to impeach them all is beyind belief. Instead Seniors are upset that those 55 and younger may be on a different program than the origianal medicare if Paul RYan's "thin and crispy" bill becomes law.
Seniors are complaining yet Seniors have been made 100% whole in the Ryan deal because it makes up for the stolen $600 Billion that went to Obamacare. Getting a deal that assures 1 year olds Medicare will cost the Seniors most of their benefit but somehow, they keep seeing the CLinton Goose out there, pumping out one golden egg after another. Yes, Virginia, the Seniors got a good deal from Ryan. No Virginia, the Seniors will not get a good deal if there is no money in the treasury to pay their healthcare bills. Perhaps we can bring Santa in to explain this because the Seniors got the biggest gift of all from Paul RYan, and they are sending it back.
Politicians lie continually and the media has stopped explaining it well because they want certan politicians to win and others to lose, and in such a system, the people always lose.
It's not like Medicare was not already in trouble. That's why the Obamatheft was so clever. Nobody would believe they would steal from someplace that did not have a lot. Hey, they are stealing from the kids student loans now by jacking up the prices as part of the Obamacare package. Why not take from the young and the old alike to pay for whom? You got me on that? I think Seniors have already given up enough but if they don;t see it, Obama will be taking more and more and more. Taking their Medicare payments and diverting them to deadbeats does not seem a fitting tribute to the elderly set.
Everybody suggests that the program needs to be fixed, not raided to create another new government program. Too bad. Done deal. Watch the clever Obamateam make the Republicans look bad for trying to rain on their victory. Obama and Joe Biden and Nancy Pelosi and Harry Reid are scoundrels. Their victory is like Bonnie and Clyde ripping off a bank and then having a barbecue clebrating their good fortune, inviting the whole town and holding the event in front of the bank. Our 111th COngress were simply thieves.
Way Back in November 16, 2009, as they were getting scoring for the bill from the CBO, Douglas W. Elmendorf, the Director of the Congressional Budget Office, notified Senate Majority Leader Harry Reid (Dem., Nev.), that the Senate’s Obamacare bill would “reduce access to care, or diminish the quality of care.” He did not use the word Seniors but that's what he meant. If he had said Seniors, the protests would have been through the roof. Elmendorf warned of the following cuts in Medicare program funding:
The following estimates are actually lower than the reconciliation bill, the bill that ultimately passed.:
• $135 billion in cuts to hospitals serving seniors
• $136 billion in cuts to the Medicare Advantage program
• $40 billion in cuts to home health agencies
• $15 billion in cuts to nursing homes
• $8 billion in cuts to hospice programs
Hey folks, this is not something being borrowed from the Chinese. This is money that you and I have put into Medicare, not Obamacare. For this to be diverted to Obamacare is worse than a travesty. This is money senior citizens and all of us have paid into the Medicare program during our working careers. This is money the government promised to hold “in trust” for them, which eventually becomes "US."
This is to help pay for the medical expenses of the Medicare contributors, not the medical expenses of a deadbeat or an illegal alien who gains from the government's theft of Medicare funds. Let them get their own insurance. Like it or not the 11th Congress and presient Obama did it, and seniors still do not believe it has happened. it's like when your wallet is stolen and you don't notice it's gone until you reach back for it when you need it. It's gone folks. No matter how far you reach back, it is gone.
Medicare Loses with Obamacare
Nothing from nothing leaves nothing. Original estimates were that the reconciliation bill stole exactly $528 billion from senior citizens and nobody was screaming and nobody is screaming. Since that time, I have heard estimates dabove $600 Billion as the amount that is coming from Medicare. The Medicare cuts do including a $136 billion reduction for Medicare Advantage so that AARP can pocket a $ Billion in clear profit. The Medicare Advantage cuts will force 4.8 million seniors off the popular plan by 2019. An additional $23 Billion in cuts to Medicare will come from a panel charged with slashing Medicare spending.
Remember in Obamacare, there were $500 billion in Medicare Benefit reductions. In the Reconciliation Bill, the House spent even more than that so now it is over $528 billion with over $600 billion in new taxes. Nothing is free here. Do you think in the middle of a recession, this is the time to raise taxes on businesses and on of all things -- critical medical devices such as Pacemakers?
I am convinced that the only reason Seniors are permitting $ 600 billion to be stolen from Medicare to pay for the healthcare of deadbeats who never paid into Medicare is because they trust that they will not be hurt. Should you trust the government? They weren't around when Johnson put in all those IOUs in the 60's. They don't know how corrupt the Congress really is. So, why is AARP not screaming against this as they claim to be advocates for seniors. Well, they have a major conflict of interest and the dollar is mightier than sticking up for Seniors. Obamacare is adding big time to the coffers of AARP. Long live Truth, Justice, and the American way.
You know that Obama painted the insurance companies as the bad guys in the Obamacare debate. Ironically, even without the rationing of Medicare this will bring, today the organization that denies more insurance claims is not big insurance, it is big government. In fact, it is Medicare and Medicaid if you want their names. Both reject twice as many claims as insurance providers. Yes, by two to one Medicare stiffs Seniors very quietly much more than insurance companies would even consider.
With the $600 Billion in cuts coming, more denials are forthcoming. Plus, the bill appoints a commission to determine what gets covered -- rather than your doctor deciding. With Obamacare, expect faceless bureaucrats to deny more and more claims. It is ironic for sure that Seniors are going along with the idea that insurance companies are the only bad guys as good ole Medicare denies far more claims than insurance companies. Wait til you see how generaous Medicare is without the $600 Billion that Pelosi, REid, and Obama stole.
Do the math. With $600 Billion less in ability to pay in benefits, what do you think will happen to benefits? It can only get worse. Expect the word known as "rationing" to be used soon now that the bill's ink is dry. This will describe the scenario of medical care for Seniors. If doctors prescribe what is needed, and go against the commission, their reimbursement rate will go down. And, as you may know, other than in Florida, Medicare Advantage is gone so choices are gone. Thank AARP for that. The government paid off AARP for its support of Obamacare by giving them more insurance income opportunities. .The Congressional Budget Office reports that cuts can have a devastating affect on Seniors' health care options. If you are on Medicare or are about to be on Medicare now that this bill has passed, you can expect less Medicare - a lot less.
Medicare Double Dip
From a fiscal perspective, either the government could not add or chose to be even more deceptive regarding the Medicare funds confiscation. In 2010, Americans realized big time that anything that adds to the deficit or the debt is not good for the economy. In Mid March as the president talked about all the wonderful things that were going to happen to the Medicare funds, it seemed that the President did not know what he was talking about. The bottom line is that President Obama double dipped into Medicare once to put the funds into a "lock box" to stabilize the fund, and secondly, he took the same funds out a second time to pay for the cost of his Obamacare bill. The funds however existed only in one place.
Yes he did! He counted the $600 Billion twice! What does this mean? The smallest minds in the economic field know that Medicare lost over $600 billion and it will be hurting as most things do when they become unfunded or under-funded. The deficit therefore and the debt are going to get hammered by another $600 billion over the same time period. So, all the ballyhoo about saving money and paying down the debt. That was all hooey. And it's gone, gone, gone.. that is for sure.
Medicare Advantage and Obamacare -- the AARP Factor
As a blast against Seniors who enjoy a choice, when Obama, Nancy Pelosi, and Harry Reid took $600 Billion out of Medicare, it was deemed that Medicare Advantage had no value. One Hundred Thirty Six of the $528 was for Medicare Advantage savings. Of course, Florida got a special deal along with a number of other special deals. The President did not seem to care that Seniors like Medicare Advantage. This is the only private option that seniors currently have.
In fact, for those of us who have given it a look, the plan should have been expanded. However, AARP, the company with a conflict of interest in healthcare as wide as the grand canyon is both an advocate for seniors and an "insurer." It turns out that AARP has a competing plan from which they would benefit financially if Medicare Advantage were discontinued. So, they got that nice bone for their support as they sold out Seniors on Obamacare. To increase its share of the business, many feel AARP sold out Seniors in a big way.
I know my recently departed brother Ed felt that way and he was getting out of AARP philosophically and was a big complainer because AARP was ripping off Seniors and lying through its teeth about Obamacare. AARP is simply a group of left leaning liberals, who have placed ideology and their desire for profit in front of the good of Seniors. They are about to make a lot of money on Obamacare now that it is passed.
What is nice about Medicare Advantage? Seniors basically get a fixed wad of "cash" to go out and buy coverage from HMOs or managed care companies. In this way, Uncle Sam does not pay the doctors and hospitals on an a la carte basis. The seniors get advantages with these plans such as dental, vision--that traditional Medicare doesn't. Some of them even limit seniors' out-of-pocket costs—co-pays, deductibles, premiums—that traditional Medicare won't handle. Ironically it is somwhat like the plan that Paul Ryan proposed.
The expansion that would be good for Medicare Advantage would have been to add more patient choice options for doctors and hospitals rather than just government approved managed care companies. Why shouldn't Seniors be able to take their "cash" wherever they want? Taking the option away is a step closer to a full government takeover so it is understandable why the President does not like anything that gives a patient a choice. That is not the Marxist way.