Thursday, April 16, 2015

ObamaCare's Financial Crisis Is Fast Approaching

Earlier this month, the Obama administration reversed course on spending cuts to the popular Medicare Advantage program. Instead of a nearly 1% cut in payments, private health insurers that offer Advantage plans to seniors would get a 1.25% boost.
The turnabout hardly made news, which isn't surprising since it was the third year in a row that the administration said it was planning to cut payments only to reverse course.
It is, however, emblematic of the fiscal trouble ObamaCare has planted in the federal budget.

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