Overview of this lieDate Originated:
December of 2010Categories: Medicare
Republicans falsely claim that Obamacare takes $700 billion dollars from Medicare. What the law actually does is reduce payments to Medicare Advantage, a small subset of Medicare that is run by private insurers. Medicare Advantage, which was passed by the Bush Administration, was supposed to bring down the cost of Medicare but actually costs more than traditional Medicare. Obamacare tackles this by reducing the payments to private insurers, not the overall program.