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Wednesday, July 14, 2010

Where is your annual Trustees' report on Social Security and Medicare?

Did you know the annual Trustees' report on Social Security/Medicare was supposed to be published in mid-April or May? Did you know they asked for an extension through the end of June? Did you know the report still isn't out?

Yeah, me either and it seems the only people who care are Investors Business Daily.

Are Overdue Reports Concealing ObamaCare Impact On Medicare?

Every year, the Annual Report of the Social Security Board of Trustees comes out between mid-April and mid-May. Now it's July, and there's no sign of this year's report. What is the Obama administration hiding?

The annual report includes detailed information about Social Security and its financing over the next 75 years, produced by the Office of the Actuary of the Social Security Administration.
(But) The implications for Social Security aren't what the Obama administration is hiding by delaying the annual trustees reports. Those annual reports also include information regarding Medicare over the next 75 years. What the administration is trying to hide are sweeping draconian cuts to Medicare resulting from the ObamaCare legislation, which the annual report will document.
Exactly. Aren't all the deep cuts to Medicare and Medicaid how they are paying for this thing? To top it all off, they can't ever actually get those cuts passed into law, so there will be no savings from it. Apparently though, these figures are going to show up in the report and they know the doctors will start screaming when they see that. I wonder how those AMA Docs will feel about ObamaCare then.....

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