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Another Independent Analysis of ObamaCare Means More Bad News for America’s Seniors
Friday, July 27, 2012
On Tuesday, the Congressional Budget Office (CBO) released the first updated estimate of the Democrats’ health care law since the U.S. Supreme Court ruling, which indicates that ObamaCare’s Medicare cuts will be 50 percent higher than initially predicted. Just two years ago, when ObamaCare was signed into law, CBO predicted that ObamaCare would slash Medicare by more than $500 billion from 2010 through 2019. Now, CBO’s updated analysis predicts that the Democrats’ health care law will gut the Medicare program by more than $750 billion from 2013-2022 to fund a new entitlement. A tally of some of those Medicare cuts in ObamaCare include:
Rather than use Medicare spending reductions to shore up the Medicare program, which is now expected to go bankrupt by 2024, Democrats chose to use Medicare as its slush fund to fund a massive government takeover of health care. Yet another reason ObamaCare must be repealed.