posted on Apr, 26 2012 @ 07:48 PM
I just got an email with 7 links to what must be the same story in more detail. This is an 8.3 billion slush fund that "works" by using a loophole:
Obama can temporarily prop up Medicare Advantage long enough to get re-elected by exploiting an obscure bit of federal law. Under a 1967 statute,
the HHS secretary can spend money without specific approval by Congress on “experiments” directly aimed at “increasing the efficiency and
economy of health services.”
A Government Accounting Office report released this morning shows, quite starkly, that there simply is no experiment being conducted, just money
being spent. Understandably, the GAO recommends that HHS cancel the project.
Read more: www.nypost.com...
This is outright fraud.
People if you don't demand your Congressmen and Senators to blow this out of the water our healthcare is going to Boot Hill Cemetery. What really
should be happening is legislators need to be informing their constituents about this.
Enter the Medicare Advantage Quality Bonus Payment Demonstration program, an $8.3 billion slush fund created by the Center for Medicare & Medicaid
Services. Ostensibly, this fund was designed to test how best to structure bonus incentives for insurers who provided better care. Instead, it is
patching up politically damaging Medicare cuts. It will alleviate 71 percent of the Medicare Advantage cuts in 2012, and then the percentage plummets
in the two years after the election to 32 percent and then 16 percent.
In its report yesterday, GAO concluded that "[t]he design of the demonstration precludes a credible evaluation of its effectiveness in achieving CMS's
stated research goal." According to the GAO, the $8 billion bonus program "dwarfs all other Medicare demonstrations -- both mandatory and
discretionary -- conducted since 1995." Asked by the GAO to identify exactly where they got this $8 billion from, the Obama administration failed
to name any specific offsets and said the spending should be considered "in the context of other administrative actions in the Medicare
If he’s not stopped, Obama will spend $8 billion in taxpayer funds for a scheme to mask the debilitating effects on seniors of his signature
piece of legislation just long enough to get himself re-elected.
This is really scary. It makes you wonder why he doesn't care about the State of the Union if he does get a second term. What is he going to be doing
when the SHTF? Man, if I don't smell a hidden NWO agenda brewing I might as well be playing with dolls.
Postponing the pain: The administration is temporarily restoring funds to Medicare Advantage so seniors don’t lose coverage before the
The only thing being postponed is the truth so he can get re-elected.
One thing I have learned is that about the only time you hear the truth about what the Obama Administration is up to is when we get a GAO report. I
really doubt the big media players are going to tell J.Q. Public about this fiasco.
Anybody going to disagree with me when I say our President is a crook? This is sneaky and fraudulent and must be investigated and stopped. If he gets
a second term it won't be pretty. It is time for accountability or jail. This is more evil than I care to deal with on a regular basis. God help us
Obama's $8.3 Slush Fund to Save His Re-Election from Obamacare
Obama’s Medicare Slush Fund Makes ObamaCare Before Election
Forbes - The Obama Campaign's $8 Billion Taxpayer-Funded Medicare Slush Fund
edit on 4/26/2012 by sad_eyed_lady because: (no reason given)