Obama’s Senior Swindle
May 7, 2012, Vol. 17, No. 32 • By JEFFREY H. ANDERSON
The most politically brazen feature of Obamacare has always been its looting of Medicare. About half of Obamacare’s costs are to be covered with money taken from an already nearly bankrupt program for seniors. And the most politically perilous aspect of this ploy is Obama-care’s cuts in Medicare Advantage funding, which would cause many seniors to lose their preferred health plans. Under the implementation schedule stipulated in Obamacare, many seniors would either lose their plans, or learn that they are going to lose them, before the election that will likely decide Obamacare’s—and Obama’s—fate.