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Saturday, December 26, 2009

Budget Office Rebuts Democratic Claims on Medicare (Update1) - Bloomberg.com

Read Here: Budget Office Rebuts Democratic Claims on Medicare (Update1) - Bloomberg.com:

"The Congressional Budget Office challenged claims by health-care overhaul
proponents that Medicare savings in Senate legislation would help finance
expanded coverage and postpone the bankruptcy of the medical program for the
elderly...The nonpartisan agency said the $246 billion it projected the
legislation would save Medicare can’t both finance new programs and help pay
future expenses for elderly covered under the federal program...Nor could those
savings be used to extend the solvency of Medicare, set to run out of money in
2017, the budget office said in a letter to Senate Republicans. ...What we’ve
seen is a colossal manipulation” by Democrats “of the accounting scores of CBO”
and the independent actuary of the Centers for Medicare and Medicaid, said
Alabama Senator Jeff Sessions, the Republican who requested the analysis from
CBO. He called the letter “a potential game-changer.”"

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