Despite then Speaker Nancy Pelosi’s claims that the Democrats’ health care law would create “4 million jobs, 400,000 almost immediately,” a study by the Coalition for Affordable Health Care Coverage (CAHC) tells a strikingly different story. The report, which examines the relationship between health care costs and overall employee compensation, portrays a dark future of high…
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Today, the Centers for Medicare & Medicaid Services (CMS) announced that so far less than 2 percent of seniors with Medicare prescription drug coverage have benefited from a change their law made to the so-called donut hole in Medicare Part D.
Despite the Administration’s efforts to paint this announcement as a victory for seniors, it is clear this provision has simply run-up costs…
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More than a year after alarm bells sounded across the nation, a Sunday New York Times article reports that, “Alarmed by a shortage of primary care doctors, Obama administration officials are recruiting a team of ‘mystery shoppers’ to pose as patients, call doctors’ offices and request appointments to see how difficult it is for people to get care when they need it.” This secret…
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During a Ways and Means Health Subcommittee hearing focusing on the solvency of Medicare, two Medicare Trustees testified that findings in the 2011 Medicare Trustees report reinforce what has long been widely acknowledged: Action must be taken quickly to prevent Medicare from collapsing. However, despite comments by the Medicare Trustees urging Congress to act sooner, rather…
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Former Democrat Leader Dick Gephardt is out this week with a scathing editorial on the so-called Independent Payment Advisory Board (IPAB), which was created in the Democrats' health care law. Below are just a few excerpts from Leader Gephardt's column.
Devastating for Seniors: "IPAB will be an unelected and unaccountable group whose sole charge is to reduce Medicare…
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Today’s hearing on the 2011 Medicare Trustees report reinforces what has long been widely acknowledged: Action must be taken to prevent Medicare from reaching its rapidly approaching insolvency and collapsing.
The trustees currently predict the Medicare Hospital Insurance (HI) trust fund will go bankrupt in 2024, five years earlier than they estimated in last year’s…
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AARP is out with a new TV ad attacking Congressional Democrats and Republicans for considering policies that would extend the solvency of the Medicare program and reduce our nation’s staggering debt. In the ad AARP absurdly suggests the nation’s trillion dollar deficit and nearly $15 trillion debt can be solved by miniscule cuts to earmarks. This is hard to reconcile with…
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Today, Senator Joseph Lieberman (I-CT) outlined a plan which he says would reduce Medicare spending by $200 billion and extend the program's solvency for approximately 20 years. While his call for higher taxes — especially when the unemployment rate is at 9.1 percent — is troubling, he deserves credit for recognizing that Medicare is fast going broke and is in need of…
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A report released this week by the McKinsey Group, consistent with two other recent independent studies, reinforces the reality that too many employers, employees and their families are already facing – health care costs continue to increase because of the new health care law. This despite repeated promises from President Obama that his current health care overhaul would ensure that…
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"Sooner or later, Democrats will have to admit that Medicare cannot keep running as it is — its medical costs are out of control, and a recent report showed its trust fund running out of money in 2024, five years earlier than expected."
A) The Wall Street Journal
B) The Washington…
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