Michael F. Cannon, CATO @ Liberty:
Obama made a campaign promise that he will let Americans keep their current health insurance.
BO to George Stephanopolous:
We’ve got to eliminate programs that don’t work, and I’ll give you an example in the health care area. We are spending a lot of money subsidizing the insurance companies around something called Medicare Advantage, a program that gives them subsidies to accept Medicare recipients but doesn’t necessarily make people on Medicare healthier
Cannon:
Eliminating Medicare Advantage would force 9 million seniors out of their current health plans and back into traditional Medicare.
That is nine million seasoned citizens thrown under BO’s bus.
Tags: campaign promise, cannon, cato, citizens, current health, health care area, health insurance, health plans, insurance, insurance companies, medicare, medicare recipients, Money, Obama, seniors, subsidies, traditional medicare