Widgets Magazine

Obamacare Hearings Highlight Problems

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“Secretary of Health and Human Services (HHS) Kathleen Sebelius testified last week at the House Ways and Means Committee on the fiscal year 2012 budget—although the question period centered on Obamacare. Sebelius opined that the new health care law will increase patient access to physicians and hospitals, provide more choices for Medicare beneficiaries, create jobs, and allow those who are happy with their current plans to keep them. However, reality paints a different picture.  First, Obamacare will not increase access to health care for many seniors. For example, as a result of the $200 billion cut to the Medicare Advantage (MA) program, insurance companies are caught in a bind as to whether or not they should cut benefits and offer less appealing plans or leave the program altogether.”

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