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Tuesday, February 28, 2017

Let's Remember Who Did What To Medicare

Lately, I keep seeing Democrats lamenting how President Trump and the Republicans are going to "gut" Medicare.  It's an old trick, but it won't work.  Trump has said repeatedly that he will protect Medicare and there are no Republican plans to change Medicare.  In other words, the Democrats are (for a change) telling lies.

It is important, however, to remember that in the last decade there was one major change to Medicare.  That change came as part of the passage of Obamacare.  The Obamacare law took roughly $750 billion from the Medicare trust funds and set them aside to pay for part of the Obamacare costs over the next decade.  In other words, Obamacare moved Medicare three quarters of a trillion dollars closer to bankruptcy.  That move alone took years off the life of the Medicare program.

Remember too, if Obamacare is repealed, that will free up the portion of those Medicare funds which have not yet been spent.  That would add something between 300 and 400 billion dollars to the Medicare trust funds.  Just think how many more years the program could last with that additional cash.  You never hear about this money because it undermines the media/Democrat position that Obamacare is wonderful.

So in the last decade, there has been one major blow that hit Medicare.  It came from Obama and the Democrats.  President Obama, of course, told us ahead of time that all the Obamacare cost savings would lengthen the life of the Medicare program.  About those cost savings, keep in mind Obama also told us that if we liked our health insurance we could keep it and if we liked our doctors, we could keep them.  Simply put, it was just another Obama lie.


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