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CBO also said the House bill would not add to the deficit in the first decade beyond 2019--a key condition for support from fiscally conservative House Democrats.
:dunno
Once government does become involved in something, intellectual and institutional inertia tends to keep it there for good. People lose their political imagination. It becomes impossible to conceive of dealing with the matter in any other way. Repealing the new bureaucracy becomes unthinkable. Mythology about how terrible things were in the old days becomes the conventional wisdom. Meanwhile, the bureaucracy itself, with a vested interest in maintaining itself and increasing its funding, employs all the resources it can to ensuring that it gets a bigger budget next year, regardless of its performance. In fact, the worse it does, the more funding it is likely to get --- exactly the opposite of what happens in the private sector, in which those who successfully meet the needs of their fellow man are rewarded with profits, and those who poorly anticipate consumer demand are punished with losses.
while they've claimed that seniors won't lose any coverages.
Which in an of itself is a massive lie by their own admission. They're foaming at the mouth to cut the Medicare Advantage program.
If you understand what MA is and how it works, you'll quickly see that cutting it cuts benefits to seniors.
MA is required to provide every coverage that regulate Medicare provides for the same premium that Medicare charges. 80% of any coverage savings over regular Medicare, must be returned to the individual in the form of increased or expanded coverage.
The whole reason so many people go with MA is that it does provide coverage for a whole laundry list of thinkgs that Medicare doesn't cover.
Now somebody explain to me how you can cut MA and not cut benefits to seniors? Anybody? Bueller? Bueller?
I've been on Medicare for years. The number of "Advantage" users is very small. Most of us just use Medicare and pay it's premiums along with supplemental policies. I pay around $300 per month in health coverage.
That's exactly what our society in general have learned to do. Forget saving, budgeting, or being responsible. Buy what you want now because you don't know if you'll have the money tomorrow. If you don't have the money now, charge it. If you can't pay your credit card bill when it arrives, roll it over to a different credit card. Whatever you do, don't look reality in the eye or the whole game falls apart. :thumbdownWe're simply back loading this now so we don't have to deal with it, and we can show off pretty numbers that show that we're not adding to the deficit. When in actuality, all we're doing is putting off paying for it all until years after a good chunk of these lawmakers are either dead or no longer in office.
That's exactly what our society in general have learned to do. Forget saving, budgeting, or being responsible. Buy what you want now because you don't know if you'll have the money tomorrow. If you don't have the money now, charge it. If you can't pay your credit card bill when it arrives, roll it over to a different credit card. Whatever you do, don't look reality in the eye or the whole game falls apart. :thumbdown
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