House Democratic Leader Nancy Pelosi set the record straight about Medicare. She wrote for CNN:
Here are the facts, supported by independent critics, and they are indisputable:
The Affordable Care Act extends the life of Medicare by nearly a decade by reducing the rate of increase in payments to health care providers, by reducing costly taxpayer subsidies to insurance companies, and by reducing waste, fraud and abuse. The law requires hospitals to improve their quality of care, reduce infections and re-admissions, and increase efficiency. It places a premium on value, not volume, in medical procedures.
The Affordable Care Act does not cut a single benefit or add a single penny to the cost of insurance for any Medicare beneficiary…
Romney claims that if you’re 60 or older, ‘you don’t need to listen any further.’ Actually, seniors need to listen carefully—very carefully—because Medicare will be bankrupt by 2016 under the Romney-Ryan plan…
Voters, be aware this year: Medicare is on the ballot, and its future is in jeopardy. Democrats created Medicare and will always fight to strengthen it for our seniors and for their families. And under President Obama’s leadership we are moving forward.
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