Friday, May 20, 2011

ObamaCare's Effect on Medicare

Check out this information from the National Center for Policy Analysis:

America's seniors will be the big losers under ObamaCare Medicare reform. They will lose and lose big, according to new information from NCPA President John Goodman and former Medicare Trustee Tom Saving. To get an idea of just how much seniors will lose:
• For someone turning 65 and enrolling in Medicare this year, the lifetime loss in current dollars of projected Medicare spending was reduced by $35,588.
•For 55-year-olds, the projected reduction in Medicare spending is $62,315 per
person.
•For 45-year-olds, the loss totals $105,004.

But it gets even worse: hospitals will not be able to provide the same kind of services they provide to younger patients. Physicians will stop accepting Medicare patients. Not only will seniors likely have to start paying much more out of their own pocket get the same kind of services other patients are getting, we will be looking at a two-tier health care system, and seniors will be on the bottom rung.

Richard Walker
Chief Operating Officer
National Center for Policy Analysis

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