So it's in addition to that $700 billion. There's another $300 billion that's going to get cut from payments to providers. Here's the problem. You know, I think the gentleman from Michigan points it out. Medicare is going broke, and it's going broke not only because $700 billion was taken out of it to pay for the President's Affordable Care Act, but another $300 billion is going to be taken out in the physician payment formula. Now, the CMS actuaries, and that's the department that runs Medicare and Medicaid, actually projects that the Medicare program could be bankrupt as soon as 2016. Four years from now, the Medicare program could be bankrupt. Now, I'm glad that as part of November's elections we're going to discuss the future of health care for our seniors, because it is time to say that the emperor has no clothes. Our seniors know it. They know that when, God forbid, their physician retires, and they go and try to find another physician, and they're on Medicare, they already know how hard it is to find a physician who can accept them because the reimbursements are already so low. The payments to physicians are so low already, it's hard to find that primary care doctor. It's hard to find that specialist who needs to take care of you, whether it's for your blood pressure or your diabetes or whatever problem you have; and the problem is only going to get worse. Now, the President in his budget doesn't deal with it at all.…
On the recordSeptember 12, 2012
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