Monday, December 11, 2023

Speaker to Raid Medicare, Fund Obamacare

McCarthy was just another D.C. hack.

It appears that Speaker Johnson is ditto the above.

A piece of legislation I pilloried just a few months ago, in the waning days of the speakership of Kevin McCarthy, R-Calif., is scheduled to come to the House floor this week. The move to resurrect the legislation, which had heretofore been left for dead, comes not because Republican leadership made substantive changes to attract conservative Republicans, but instead because it appealed for greater support from Democrats. ...

Why is this bill bad news?

...The bill saves over $3.7 billion from lower Medicare payments to hospitals. In this instance, lowering these overpayments to hospitals has much merit — provided the savings actually go toward improving Medicare’s solvency. The bill doesn’t do that. Instead, it diverts those Medicare funds elsewhere.  [....] Where will the Medicare funds go? Among other places, to fund an extension of mandatory spending on health centers originally proposed by Sen. Bernie Sanders, I-Vt., as part of Obamacare....

Oh, good!!  Mo' Obamacare!

Under the current terms, Medicare will be BK in less than 10 years.  Nice to know that Speaker Johnson would like it to die earlier.  Now we know who the enemy is.

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