TrumpRyanCare Indirectly Cuts Medicare

[Honeycombe8]

Trump had promised not to touch Social Security, Medicare, and Medicaid.

TrumpRyanCare (the American Healthcare Act) proposes cutting the Medicaid Expansion, which has added millions to insurance because of the expansion.

That's broken promise #1.

—he has also indirectly broken his promise not to touch Medicare. According to the Committee for a Responsible Federal Budget, a nonpartisan group of budget hawks, the AHCA legislation would accelerate the insolvency of Medicare Part A’s Hospital Insurance fund from 2025 to 2023, resulting in deficits of $150 billion through 2026.

“It’s not fully clear what happens, because this has never happened before,” CRFB SVP and Senior Policy Director Marc Goldwein told Yahoo Finance. “The overriding law means [Medicare] can’t pay out more than it has in its trust fund. This would spell a major cut.”

The CRFB estimates that under the AHCA, Medicare would have to slash its payouts by 14% in 2024 in order to maintain solvency, because the bill would cut a Medicare-funding tax and leave more people uninsured.

[link:http://finance.yahoo.com/news/medicare-insolvency-would-move-up-to-2023-under-obamacare-repeal-bill-183247799.html|

It goes on to say that it's unclear what that would mean for patients and providers.

At 0.9%, the hospital insurance surtax, paid by people making over $200,000, would rake in 117 billion in the next decade, mostly solving the $150 billion dent in the Medicare Part A fund the AHCA would make, according to CRFB calculations. The fund is currently projected for insolvency in 2025 so every year counts.

That would be Broken Promise #2.

The bill will be revised in the house, but I'm thinking they won't be revising the parts that cut taxes.

http://finance.yahoo.com/news/medicare-insolvency-would-move-up-to-2023-under-obamacare-repeal-bill-183247799.html

[gwheezie]

1. Also

Ocare requires wellness & routine preventative care that does not require a copay from the insured. McareB is not free & only pays 80% so those 20% billed to poor people on fixed incomes is expensive. And what about the correction to part D. Ocare also extended mcare solvency.

[Honeycombe8]

2. Good points. I had forgotten those things. nt