A new report, provided by the Centers for Medicare and Medicaid Services (a nonpartisan government agency), provides more bad news for ObamaCare supporters. Key points:
1. Health care legislation the House passed last week would increase costs over the next decade by $289 billion.
2. Benefits to senior citizens would be slashed. In its current form, Obamacare would sharply reduce benefits for some senior citizens and would jeopardize access to care for millions of others.
3. By 2019, health costs would rise to 21.1% of GDP compared to 20.8 under current law.
4. By 2014, Medicare Advantage enrollment would drop 64% from 13.2 million to 4.7 million because of less generous benefit packages.
Ace of Spades HQ sums it up well: "Hey old folks, they are coming for your health care!"
Washington Post: Government Report…Bill would reduce senior care.
Hot Air: Study shows ObamaCare would cut Medicare services, providers
Study: Yeah, The House Health Reform Bill Would Screw A Lot Of Things Up And As An Added Bonus...Raise Costs.