Friday, July 13, 2012

GAO: Obama administration deliberately delayed Medicare cuts until after 2012 election

Voter manipulation is part of the Chicago way...

Via WFB:
A recent report from the Government Accountability Office (GAO) has laid bare the Obama administration’s effort to delay the impact of Medicare cuts in the health care law until after the 2012 election.
Under the new law, cuts to Medicare Advantage funding would force many seniors off their preferred health plans. This aspect of the law was originally intended to go into effect before the election in November, but fearing the political backlash, the administration launched an $8.35 billion “demonstration project” that would effectively delay the cuts until after the election.
The GAO report urged the administration to cancel the project, citing its numerous “design shortcomings” and noting that the program fails to “conform to the principles of budget neutrality,” meaning the $8.35 billion is not offset by spending cuts or other revenue, and will have to be borrowed.
Keep on reading…

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