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Obama to Raid Medicare Funds to Pay for Obamacare–AFTER The Election

Now that Americans are becoming more acutely aware that Obamacare would be funded in large part through higher taxes, it’s all the more crucial for President Obama to keep voters from discovering the overhaul’s other principal source of funding — its Medicare raid.

Fortunately for Obama, his administration recently launched the $8.35 billion Senior Swindle, a taxpayer-financed “demonstration project” to hide the vast majority of Obamacare’s Medicare Advantage cuts from seniors until after what he likes to call his “last election.” Unfortunately, the Government Accountability Office (GAO) — the independent, nonpartisan congressional watchdog — has identified this “demonstration project” as a sham.  And now, in a newly released letter, the GAO raises continuing concerns about the gambit’s legality.

Highlighting the project’s myriad “design shortcomings,” including its excessive focus on 2012 (imagine that), its awarding “most” of its “quality bonuses” to average-performing plans, and its lack of a control group, the GAO — not known for its bluntness — previously concluded that Obama’s secretary of health and human services (HHS) Kathleen Sebelius “should cancel” the project and perhaps, sometime in the future, consider “conducting an appropriately designed demonstration.”

The GAO also previously observed that the demonstration “does not…conform to the principles of budget neutrality.” That’s a polite way of saying that the administration is running up the national debt by another $8.35 billion in order to boost Obama’s reelection prospects.

 

http://www.weeklystandard.com/blogs/gao-concerned-about-legality-obama-s-senior-swindle_648435.html

 
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