Is Obama Cooking the Medicare Books?
by John C. Goodman
April 28, 2012
A new Obama administration report claims that health reform (ObamaCare) will save taxpayers $200 billion in the Medicare program through 2016. To what do we owe this good fortune? A good chunk of the savings, we are told, will be produced by lowering "excessive payments" to Medicare Advantage plans. These are plans operated by such private insurers as Aetna, Humana and WellPoint. They typically provide seniors with the kind of comprehensive coverage non-seniors have.
Another source of savings will be lower payments to doctors, hospitals and other providers to reflect their "improved productivity."