Was $700 billion'robbed'from Medicare to fund Obamacare?
Huckabee said, "$700 billion was robbed (from Medicare) to fund Obamacare." It’s an old claim and an old figure. The law does reduce Medicare spending, but not in the way Huckabee suggests.
Does the Affordable Care Act cut Medicare costs by reducing beneficiaries?
The Affordable Care Act aims to cut future Medicare costs by reducing payments to private insurers and hospitals, not beneficiaries, though this could indirectly squeeze beneficiaries. The claim is partially accurate but leaves out important context. We rate it Half True. Support independent fact-checking.
Does Obamacare'Rob'Medicare?
Obamacare doesn’t literally "rob" Medicare. But the Affordable Care Act does include provisions that reduce future increases in Medicare spending. In other words, the law slows down the rising costs of Medicare. It’s also important to note that the savings come at the expense of insurers and hospitals, not beneficiaries.
Is Affordable Care Act funded by plundering the health care program?
This claim -- that the Affordable Care Act is funded by plundering the health care program of seniors -- is an old Republican talking point, dating back to the 2010 midterm elections. We’ve checked out many versions of this claim, which contains some truth but is misleading.
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Says Amy Coney Barrett “has a written track record, disagreeing adamantly with the Supreme Court’s decision to uphold the ACA. In fact, she publicly criticized Chief Justice Roberts’ opinion upholding the law eight years ago.”
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Says Amy Coney Barrett “has a written track record, disagreeing adamantly with the Supreme Court’s decision to uphold the ACA. In fact, she publicly criticized Chief Justice Roberts’ opinion upholding the law eight years ago.”
How much did the Affordable Care Act save?
The Affordable Care Act (ACA) enacted savings estimated at that time of $716 billion to the Medicare program over ten years ( now estimated at $800 billion), which was used to pay for some of the cost of the new law under pay-as-you-go budget scoring conventions.
How much was Medicare robbed to pay for Obamacare?
Was Medicare Robbed $700 Billion to Pay for Obamacare? When talking about his plans for Social Security and Medicare, Gov. Mike Huckabee (R-AR) stated that Congress should not be “talking about getting rid of Social Security and Medicare that was robbed $700 billion dollars to pay for Obamacare.”.
How long will Medicare be solvent?
Partially as a result these changes, the Medicare Trust Fund is expected to be solvent through 2030, 13 years longer than projected before the 2010 law was passed.
Did Medicare reduce payroll taxes?
However, there was no reduction in the amount of money going towards paying for Medicare; rather, the law reduced the amount that Medicare spends. In fact, Medicare payroll tax revenues increased, increasing the amount that could be spent.
What does the ACA do for Medicare?
The Affordable Care Act achieves savings in the Medicare program through a series of payment reforms, service delivery innovations, and increased efforts to reduce fraud, waste, and abuse.
What is the alternative to the Affordable Care Act?
A prominent plan touted as the alternative to the Affordable Care Act is the budget proposal put forward by Congressman and Vice-Presidential candidate Paul Ryan. However, Mr. Ryan's budget proposal for the past two years has included the same $700 billion reduction in Medicare spending as in the ACA. [3] The Ryan plan, however, ends Medicare's guaranteed benefit design and turns the community program into a system of vouchers, leaving millions of beneficiaries in the hands of private insurance companies, with no guarantee of the coverage they need. The Ryan plan does NOT save money for people with Medicare, it doesn't save the Medicare program, and it does not help solve the nation's deficit. [4]
