Expected cuts happening
About 16 million older Americans rely on Medicare Advantage policies to supplement their government health insurance. We have warned for years that drastic cuts in federal funding for Medicare Advantage were part of the Obamacare scheme.
President Barack Obama and his allies have accused those of us sounding the alarm about Medicare Advantage of lying. That sounds strange indeed, coming from a White House exposed repeatedly for not telling the truth about Obamacare.
Once again, the dishonesty is being revealed. Medicare officials have released a 148-page report on plans for the program next year. It includes a cut in funding for Medicare Advantage.
When Obamacare was being debated, some analysts warned it would involve billions of dollars in Medicare cuts. It turned out former House Speaker Nancy Pelosi, D-Calif., was the least dishonest of all when she commented that Americans would have to pass the Obamacare bill to know what was in it.
Now we know the critics were right. Obamacare will cost senior citizens dearly. They can pay more to maintain existing health insurance or settle for reduced benefits.
Another Obamacare lie has been exposed.