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Old 07-11-2012, 05:09 PM
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An update on this EIGHT BILLION dollars.

The new healthcare law payment wise does not begin to kick in until AFTER the election

[B]"But certain voters would surely notice one highly painful part of the law before then — namely, the way it guts the popular Medicare Advantage program.

For years, 12 million seniors have relied on these policies, a more market-oriented alternative to traditional Medicare, without the aggravating gaps in coverage.

But as part of its hundreds of billions in Medicare cuts, the Obama one-size-fits-all plan slashes reimbursement rates for Medicare Advantage starting next year — herding many seniors back into the government-run program.

Under federal “open-enrollment” guidelines, seniors must pick their Medicare coverage program for next year by the end of this year — which means they should be finding out before Election Day."



I mentioned that the Obama administration set up this sham and called it a "demonstration" program which in essence would cover up all the cuts to seniors as a result of the new health care law......

WELL...it seems he is being called on it..

"Congress’s non-partisan investigators said Wednesday President Obama is stretching the law to give bonuses to mediocre private Medicare plans — an $8 billion program the auditors had already urged the administration to cancel.

In a pointed letter, the Government Accountability Office’s chief lawyer said the administration hasn’t shown that it can learn anything by a “demonstration” project to pay bonuses to average-performing Medicare Advantage plans. The lawyer questioned “the agency’s legal authority to undertake the demonstration.”

Opponents have said the $8 billion project amounts to a slush fund designed to cover up the Medicare cuts in Mr. Obama’s health care law, at least until 2014 when the law kicks into full effect.

The administration counters that it’s trying to learn what kinds of incentives can spur private companies to offer better coverage.

The Government Accountability Office, Congress’s independent auditors, said that’s a stretch, since the demonstration seems designed to produce little useful data and could even reduce incentives for private plans to provide better care.

Because the demonstrations likely won’t produce results, Health and Human Services Secretary Kathleen Sebelius and the Center for Medicare and Medicaid Services, which is part of her department, don’t have the authority to enact them, GAO said.
"

Auditors: Obama administration is bending health law - Washington Times

This White House has no shame whatsover....they are conning all of us constantly and is the single most political WH we have ever seen and this is just ONE of the examples.