REED CALLS OBAMACARE A “CALAMITY” FOR SENIORS; Cites $500 billion in Medicare cuts which will mean less access to care
Congressman Tom Reed is calling the full implementation of Obamacare a “calamity” for seniors as the new health care law cuts $500 billion from Medicare over 10 years. “All in all, this law means higher costs and less access for senior citizens through the law's immediate cuts to Medicare. Bottom line, Medicare needs to be preserved, not cut like this law does," Reed said.
According to President Obama’s proposed budget, $206 billion of the $500 billion in Medicare cuts comes from the popular Medicare Advantage program and other benefits seniors enjoy. The remaining cuts come from hospitals, hospice, home health, and provider reimbursements.
“Medicare provider reimbursements are already significantly lower than private insurance,” Reed observed. “Full implementation of Obamacare will have a significantly negative impact on access to care as doctors stop seeing Medicare patients. Even before the court decision, doctors in the Southern Tier were telling me that the best thing we can do for their senior patients is to repeal Obamacare.”
The non-partisan Medicare Payment Advisory Commission has predicted that as many as 1 in 5 senior citizens will lose access to Medicare doctors due to Obamacare.
Reed also expressed concerns about the Independent Payment Advisory Board (IPAB), which is created by Obamacare and charged with determining what services will and will not be paid for by Medicare. IPAB will be independent from Congress and there is no requirement that the board hold public meetings or hearings or consider public input. IPAB will have authority over the entire Medicare system, not just Medicare advantage.
An additional worry is the negative effects of higher taxes on drugs and medical devices, which will fall disproportionately on seniors.
Last week, Reed and local small business owners held an event to discuss how Obamacare is discouraging job growth. This week, Reed is bringing attention to the negative impact on seniors “as another reason that we need to repeal this monstrosity.”