Here's an inconvenient fact for Mitt Romney and the Republicans: Obamacare will save $200 billion for Medicare by 2016 and $208 billion for Medicare patients by 2020.
The Centers for Medicare & Medicaid Services actuary reports:
"We have achieved significant tangible savings that have been passed on to beneficiaries," said Jonathan Blum, director of the Center for Medicare. "There's a tremendous opportunity for even greater savings." [...]
The new numbers are based on savings so far: 32.5 million people used preventive services last year with no costs to themselves, senior citizens saved $3.2 billion for prescription drugs that fall in the "doughnut hole" in 2010 and 2011, and the government recovered $4.1 billion in 2011 in anti-fraud efforts.
CMS also projected savings based on portions of the health care law that will be enacted soon, such as penalties for hospitals for readmitting patients for the same health episode, and paying providers based on quality standards.
Here's a breakdown of savings from the
actuary report.
The actual experience Medicare beneficiaries, and particularly seniors, have had with the Affordable Care Act has lessened some of the fear, and according to the March Kaiser Family Foundation
tracking poll, for the first time the law is seen more favorably by seniors than not.
Of course, this could all be moot if the Supreme Court goes as radical as the March hearings seemed to indicate, and decides to overturn the whole law.
But this report makes the Romney/Ryan plan to end Medicare as we know it a much harder sell on the merits of making changes to the program, especially to seniors whom they say will be better off with vouchers. Good luck selling that one now, Mitt.
