His 'downpayment' is $634 Billion dollars. I don't think I'm understating that if you are spending $634 Billion on a downpayment for anything, you are getting ripped off.
From the article in the Washington Post:
Nearly one-third of the money would be generated by eliminating subsidies that the government pays insurers that sell Medicare managed-care plans. Instead, the Medicare Advantage plans would be put under a competitive bidding process, for a savings of $175 billion over the next decade.
I want for you to re-read that, and think about what it means.
Hospitals and doctors would get $175 Billion less dollars. What do you think it would mean for those hospitals to get $175 Billion less dollars, while being required to cover more people?
Where will those hospitals cut back?
Will they buy less new equipment? Purchase less MRI equipment?
Will they fall behind on technology, because they can no longer afford the latest thing?
Will they have to fire nurses? Janitorial staff?
Because here is the thing: when a hospital is taking in less money... they have to cut back somehow. Like any business, the health care industry can't just operate at the same level with less income.
Why won't Obama mention this? -Or the media, for their part?
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