Obamacare Robs Medicare of $716 Billion to Fund Itself

Alyene Senger The Foundry Heritage.org 8/1/2012

Last week, a new Congressional Budget Office (CBO) report [PDF] updated the amount of money Obamacare robs out of Medicare from $500 billion to a whopping $716 billion between 2013 and 2022.

According to the CBO, the payment cuts in Medicare include:

A $260 billion payment cut for hospital […]

Categories