To help pay for Obamacare, the legislation calls for $523 billion in cuts to Medicare. According to Congressman Mark Kirk (R-IL) the major cuts to Medicare are:
Medicare Advantage is cut by $202 billion
Home Health is cut by $39 billion
Medicare Part B is cut by $25 billion
Hospital DSH payments are cut by $25 billion
Medicare Part D is cut by $10 billion
Medical Imaging is cut by $1 billion
Preventive Services is cut by $700 million
Durable medical Equipment is cut by $1 billion
Power-Driven Wheelchairs are cut by $800 million
Hospice is cut by $100 million
Medicare Improvement Fund is cut by $20 billion
Medigap is cut by $100 million
And it doesn't look too good for the American worker either. Americans for Tax Reform and the Heritage Foundation estiate that ObamaCare will cost over 600,000 per year, broke down by industry as follows:
Agriculture, forestry, fishing and hunting 5,441 jobs lost
Mining 5,478 jobs lost
Construction 43,316 jobs lost
Manufacturing 105,229 jobs lost
Wholesale trade 47,663 jobs lost
Retail trade 84,339 jobs lost
Transportation and warehousing 36,806 jobs lost
Utilities 5,271 jobs lost
Information 26,342 jobs lost
Financial Activities 77,269 jobs lost
Professional and business services 132,102 jobs lost
Educational services 32,102 jobs lost
Leisure and hospitality 49,682 jobs lost
Other services 48,564 jobs lost
Total 698,098 jobs lost
My comment: Welcome to the United Socialist States of America.
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