Thursday, August 16, 2012

Yes, President Obama did cut Medicare ...

. . . not just for health-care providers, but for senior citizens too.

UPDATE: Matthew Yglesias agrees:

Reducing Medicare's generosity to health care providers is an idea I'm happy to get behind, but there's a reason Medicaid is not considered a particularly high-quality health insurance program and its low reimbursement rates are a key part of it—lots of doctors refuse to accept Medicaid patients. Already Medicare is stingier than private plans, and in large high-income metro areas the most-in-demand doctors often decline to see Medicare payments. Any change at the margin to make it less lucrative for doctors will increase the number of providers who try to shun Medicare payments.

All things considered, I'm fine with that. . . . But if your top priority in life is to make senior citizens' health care as excellent as possible at any price, then Obama's savings are in fact contrary to that goal.