By Grace-Marie Turner
President Obama said during his weekly radio address
Saturday that he wanted to share “some actual facts” about “a lot of accusations and misinformation flying around” about Medicare. Let’s look at the “facts” that he highlights in his address:
“We’ve extended the life of Medicare by almost a decade.”
Grace-Marie Turner, President, Galen Institute
He “extends the life of Medicare” by paying Medicare providers less and less every year to the point that 15 percent, and eventually 40 percent, of Medicare providers will either go bankrupt or stop seeing Medicare patients altogether, according to Medicare actuaries.
“And I’ve proposed reforms that will save Medicare money by getting rid of wasteful spending in the health care system and…