We Have to Increase Medicare Spending Before We Can Cut It
Conn Carroll /
From day one we have been highly skeptical of Congress’ ability to cut Medicare as necessitated to fund Obamacare’s $2.5 trillion in new spending. The top down cuts-by-committee-of-experts approach is far too susceptible to typical Washington deal making. Now we learn that in order to secure votes in the final days before passage, the House has already proved Obamacare will only increase, not decrease, Medicare spending. Kaiser Health News reports:
A last-minute deal to win votes for the health care overhaul underscores the political dilemma for Congress as it tries to reduce health care costs. (more…)