Brace for Larger Deficits as Lawmakers Rethink Health Care Law’s Medicare Cuts
Kathryn Nix /
Obamacare will cost Americans trillions of dollars in the decades to come. To help pay for its new coverage provisions, the plan makes sweeping cuts to Medicare. But as it turns out, serious doubts exist about the likelihood of these cuts actually occurring, and evidence has already shown that lawmakers may shy away from some of the cuts. If the planned savings don’t materialize, the health care overhaul will add even more to deficit spending than already expected, further jeopardizing the nation’s fiscal future.
Both the director of the Congressional Budget Office (CBO) and the Medicare Chief Actuary warn that Medicare cuts made by Obamacare will be difficult to sustain in the long term. (more…)