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Medicare Reductions Main Source of Health Reform Funding

The Washington Post (12/2, Murray, Montgomery) reports “even as partisan divisions hardened and contentious amendments stacked up, Democrats increasingly expressed optimism that they would succeed in passing a bill before Christmas.” The “second amendment, authored by Sen. John McCain (R-Ariz.), would strip out the bill’s primary revenue source, nearly $500 billion in Medicare cost savings. Although AARP and other seniors groups have said otherwise, Republicans are attacking the cuts as a threat that could eventually shorten lives.” McCain said, “They’ve paid all their working lives into the Medicare trust fund, and now they’re in danger of having $483 billion cut out of it, which would eventually lead to rationing of health care for seniors in order to fund a new, government-run health-care system in America.”

http://www.washingtonpost.com/wp-dyn/content/article/2009/12/01/AR2009120104127.html?hpid=topnews

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December 2, 2009 - Posted by | Federal Government, healthcare | , ,

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