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Florida Sen. Marco Rubio said that “over 40 percent of small and mid-size banks … have been wiped out” since the Dodd-Frank law was passed. Actually, the total number of commercial banks has gone down only 16 percent, continuing a longtime trend.
Businessman Donald Trump said his net worth is $10 billion, but outside estimates put the figure much lower.
Former Florida Gov. Jeb Bush twice claimed that he cut taxes in the state by $19 billion. But that includes cuts in Florida estate taxes mandated by federal law that Bush had nothing to do with.
Ohio Gov. John Kasich claimed his state’s Medicaid program “is growing at one of the lowest rates in the country.” Ohio ranks 16th in terms of enrollment growth post-Affordable Care Act among the 30 expansion states and Washington, D.C.
Wisconsin Gov. Scott Walker claimed his state “more than made up” for the job losses from the recession. That’s a stretch. The state has gained 4,000 jobs since the start of the recession.
Rubio said he had never advocated exceptions for rape or incest to abortion bans, but he cosponsored a bill in 2013 that contained just such exceptions.
Boasting about his education initiatives while governor, Bush claimed that the graduation rate “improved by 50 percent.” But most of the increase happened after Bush left office; the rate increased about 13 percent when he was governor.
Bush claimed that the U.S. spends more per student than any other country, but Luxembourg, Switzerland and Norway all spend more for primary and secondary education.
Former Arkansas Gov. Mike Huckabee repeated the old claim that Obamacare “robbed” Medicare of $700 billion. That’s a reduction in the future growth of spending over 10 years.

Last week, a new Congressional Budget Office (CBO) report 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 services.
A $39 billion payment cut for skilled nursing services.
A $17 billion payment cut for hospice services.
A $66 billion payment cut for home health services.
A $33 billion payment cut for all other services.
A $156 billion cut in payment rates in Medicare Advantage (MA); $156 billion is before considering interactions with other provisions. The House Ways and Means Committee was able to include interactions with other provisions, estimating the cuts to MA to be even higher, coming in at $308 billion.
$56 billion in cuts for disproportionate share hospital (DSH) payments.* DSH payments go to hospitals that serve a large number of low-income patients.
$114 billion in other provisions pertaining to Medicare, Medicaid, and CHIP* (does not include coverage-related provisions).

*Subtract $25 billion total between DSH payments and other provisions for spending that was cut from Medicaid and CHIP.

In total, Obamacare raids Medicare by $716 billion from 2013 to 2022. Despite Medicare facing a 75-year unfunded obligation of $37 trillion, Obamacare uses the savings from the cuts to pay for other provisions in Obamacare, not to help shore up Medicare’s finances.

The impact of these cuts will be detrimental to seniors’ access to care. The Medicare trustees 2012 report concludes that these lower Medicare payment rates will cause an estimated 15 percent of hospitals, skilled nursing facilities, and home health agencies to operate at a loss by 2019, 25 percent to operate at a loss in 2030, and 40 percent by 2050. Operating at a loss means these facilities are likely to cut back their services to Medicare patients or close their doors, making it more difficult for seniors to access these services.

In addition, as MA deteriorates under Obamacare’s cuts, many of those who are enrolled in MA (27 percent of total Medicare beneficiaries) will lose their current health coverage and be forced back into traditional Medicare, where Medicare providers will be subject to further cuts. The Centers for Medicare and Medicaid Services chief actuary predicted in 2010 that enrollment in MA would decrease 50 percent by 2017, when Obamacare’s cuts were estimated at only $145 billion. Now that the cuts have been increased to $156 billion (or possibly $308 billion, as the Ways and Means Committee estimates), MA enrollment will surely decrease even further.

But Obamacare’s raid of Medicare doesn’t stop with cuts; it includes a redirection of tax revenue from the Medicare payroll tax hike in Obamacare. The payroll tax funds Medicare Part A, the trust fund that is projected to become insolvent as soon as 2024. Obamacare increases the tax from 2.9 percent to 3.8 percent, which is projected to cost taxpayers $318 billion from 2013 to 2022. However, for the very first time, Obamacare does not use the tax revenue from the increased Medicare payroll tax to pay for Medicare; the money is used to fund other parts of Obamacare, much like the $716 billion in cuts are.

With a raid on Medicare of this magnitude, President Obama’s assertion that his new law is protecting seniors and Medicare is astonishing. The truth is that Obamacare does the opposite.

You don't seem to get it, the cuts are to payments made to those who provide medical care.

Santa Claus will make up the difference.

Try not to be a total clod- the medical provider gets less, the medicare patient pays the same copay. Perhaps you need to see it in colored crayon to understand it.

You need to review some charges vs reimbursements for medicare coverage, that way you could argue facts instead of calling people names. The copay doesn't prevent billing for the difference between what medicare pays and what the hospital charges, and there is already a substantial difference. Hospitals and medical care providers do not work for free.

There are many places in the system that will feel it. Some deserve/need it, some don't. There are winners there are losers and there are yet unrealized efficiencies.

Knowing so much about Santa Clause I'm surprised you're struggling with sarcasm. Your density, intended or unintended, is not my concern.

You really are a jackass, why not try to answer the question ? Because you cannot...Utopian dope

Like you never answer any question with facts. There are many ways of paying for it, but you and obtuse crowd you follow don't want to think or hear about them. Payroll taxes could be raised slightly and a special tax should apply to those who do not pay payroll taxes.

Too
Much
Crying
Too
Little
Taxation

In some cases just applying tax to previously excluded wages could go a long way to fix social security as well.