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What Government Accountability Office's call to end bonus program for private health plans really means
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Senator my -- thank you Greta could be IS senate how big topics I even have rob Allen I think agency about them and I talked about assisted.
Eight -- and -- this from the newspapers eight billion dollar experiment aimed at improving a key Medicare program.
And Republicans don't want eight billion spent the White House does and the GAO it studied it says it's badly designed.
-- likely to provide meaningful.
Results the first what is -- eight million dollar program.
Medicare obviously takes care of them of the health care needs of our senior citizens one of the options a senior can take advantage of it's called Medicare Advantage.
It's an insurance program.
You -- a little bit more for it but you get a lot of extra benefits.
Well Obama -- president didn't like Medicare Advantage.
So much of the money that he needed to pay for Obama care he took from the Medicare Advantage program.
Well who was paying that extra and began that was and that's not citizens that pay extra to get also added that the government -- and -- -- the substance of -- so he took the part that got so he's paying -- he needed.
500 billion dollars and so he took 500 billion dollars from Medicare.
And about.
A third about a 150 billion of that was from the Medicare Advantage program.
That means less benefits that means you don't if you like your insurance you get to keep it wrong if your Medicare Advantage about a third of your benefits are being cut.
So.
Just before an election.
This November America's seniors are going to have their election of whether or not to go back in the Medicare Advantage.
And if so which policy to -- and they're gonna find that all of a sudden it's costing them more and they're not getting this much in the way benefits.
The -- he is going down by right do the existing health care on the menu option that's correct because the government is in spending that money to supplement the personal contribution that's limited the Medicare -- So senior citizens across this country a third of errors -- Medicare beneficiaries.
Have Medicare Advantage I think it's even more in Florida for example.
They're gonna say wait a minute do you mean it as a result of Obama care.
I have a lot fewer choices than I had before I don't get as much coverage on May not get my -- coverage of my dental coverage or whatever that's right.
Well I don't like that I might vote for the other guy soul along comes the Obama team.
Let's spend eight point three billion dollars out of the Medicare trust.
Subsidize these programs 80% of it is in this first year -- and two years later.
So that the seniors don't feel the effect.
Of the Obama care cuts out of Medicare.
So I just read this menu that is being cut for the number of options that it won't be cut.
If the president can find it and a half billion dollars someplace else to put into the -- a look at the same choices that they have before and those cuts will come later.
That's right before the election nobody -- the cuts.
After the elections and when the cuts would occur -- the eight point three billion dollars dismissed not just for many words out of Medicare trust fund.
Which the trustees have already -- -- broken point 14 not a good idea.
Well.
OK to attack -- -- I think that this I'd love of politics -- the public about the democratic politics but it what caught my attention GAO.
Not to be confused with the yes -- -- -- the general accounting Obama cannot count -- a very different divisions which studied this.
Their quoted as saying that this this ideas this program this to paid eight point five this experiment.
Is better design.
Unlikely to provide meaningful results I take it that you took that race -- the GAO study and went to the White House -- somebody sends it.
You know what this is this is a bad idea according.
That's right the first play shipped -- to ask the question how could you -- of the administration get the authority.
To -- the trust fund with over eight billion dollars to give out to these companies just before the election.
And the answer is they said well what we're doing demonstration projects -- gently.
Exactly that's the question the general accounting office totally bipartisan nonpartisan office said.
