Uh...Oh...?
Posted: Wed Mar 09, 2011 1:43 am
Battle Grows Over Obama Administration's Health Care Law Accounting
It was only a few minutes in the making but comments last week by Health and Human Services Secretary Kathleen Sebelius on Capitol Hill have set off a firestorm of criticism around President Obama’s health care law and how the law, when it’s finally implemented, will have “double counted” on Medicare -- and, therefore, does not have the savings once predicted by the White House.
“The Affordable Care Act adds 12 years to the Medicare trust fund, according to every actuary, and the $500 billion represents a slowdown in the growth rate of Medicare over 10 years from what was projected at 8 percent to a growth rate,” Sebelius said during questioning by Rep. John Shimkus, R-Ill.
But, as Shimkus pushed the issue, asking for Sebelius to explain if the president was using the $500 billion to save Medicare or fund health care reform, Sebelius added one word – “both.” And that word has made many more nervous than ever about the health care law, as they say it sounds like double counting, or using money from one program to count into another, which does not equal savings.
Read more: http://www.foxnews.com/politics/2011/03 ... z1G4qdazgy
Seems to me.....it's only a half trillion $$$$$$....boo-boo....
Any of you "athletic" type supporters? Wanna explain it?
It was only a few minutes in the making but comments last week by Health and Human Services Secretary Kathleen Sebelius on Capitol Hill have set off a firestorm of criticism around President Obama’s health care law and how the law, when it’s finally implemented, will have “double counted” on Medicare -- and, therefore, does not have the savings once predicted by the White House.
“The Affordable Care Act adds 12 years to the Medicare trust fund, according to every actuary, and the $500 billion represents a slowdown in the growth rate of Medicare over 10 years from what was projected at 8 percent to a growth rate,” Sebelius said during questioning by Rep. John Shimkus, R-Ill.
But, as Shimkus pushed the issue, asking for Sebelius to explain if the president was using the $500 billion to save Medicare or fund health care reform, Sebelius added one word – “both.” And that word has made many more nervous than ever about the health care law, as they say it sounds like double counting, or using money from one program to count into another, which does not equal savings.
Read more: http://www.foxnews.com/politics/2011/03 ... z1G4qdazgy
Seems to me.....it's only a half trillion $$$$$$....boo-boo....
Any of you "athletic" type supporters? Wanna explain it?
