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Slingin Sammy 33 · 07-23-2009, 02:42 PM

Some more red ink to consider:

After 10 Years, Health Care Coverage Costs Turn Into Unfunded Mandate - Political News - FOXNews.com

From the article: For instance, one of the ways the House is raising funds to offset the cost of the health care reform is by "saving" some $380 billion from Medicare spending, according to the CBO.
But Medicare is already on the brink of collapse. Medicare Part A has $38 trillion in unfunded liabilities. Any savings from Medicare would likely be used to help prevent its own financial problems.
The Medicare Trust Fund also will not have enough money to pay its bills in 2017, just four years into the new reforms and yet no provision has been made to fix that. In fact, Medicare will need another $228 billion just from 2017 to 2019 to pay for promises already made by the federal government.

07-23-2009, 02:42 PM	#552
Slingin Sammy 33 Playmaker Join Date: Feb 2007 Location: Virginia Beach Posts: 4,347	Re: Obama Care Some more red ink to consider: After 10 Years, Health Care Coverage Costs Turn Into Unfunded Mandate - Political News - FOXNews.com From the article: For instance, one of the ways the House is raising funds to offset the cost of the health care reform is by "saving" some $380 billion from Medicare spending, according to the CBO. But Medicare is already on the brink of collapse. Medicare Part A has $38 trillion in unfunded liabilities. Any savings from Medicare would likely be used to help prevent its own financial problems. The Medicare Trust Fund also will not have enough money to pay its bills in 2017, just four years into the new reforms and yet no provision has been made to fix that. In fact, Medicare will need another $228 billion just from 2017 to 2019 to pay for promises already made by the federal government. __________________ "I would bet.....(if), an angel fairy came down and said, '[You can have anything] in the world you would like to own,' I wouldn't be surprised if you said a football club and particularly the Washington Redskins.'' — Jack Kent Cooke, 1996.