From here. The Medicare actuary shed light on this so-called “double counting” last year in an April 22 memo. “In practice,” he wrote, “the improved Part A financing cannot simultaneously be used to finance other Federal outlays (such as the coverage expansions under the PPACA) and to extend the trust fund, despite the appearance of this result from the respective accounting conventions.” “There is an issue here on the budget because your own actuary has said you can’t double-count,” Shimkus said. “You can’t count — they’re attacking Medicare on the CR when their bill, your law, cut $500 billion from […]
WASHINGTON (AP) — In rapid-fire action Friday, the Republican-controlled House voted to strip federal money from President Barack Obama’s health care overhaul and from Planned Parenthood and to bar the EPA from issuing global warming regulations. Upping the ante in the budget faceoff, the Obama administration warned that workers who distribute Social Security benefits might be furloughed if congressional Republicans force cuts in government spending. Read more here.
A federal judge in Florida has ruled that the president’s health care overhaul, “Obamacare,” is unconstitutional. The judge based his ruling on the unconstitutionality of the law’s individual mandate. The ruling affects the 26 states who had joined together to file a case against the law, but also has implications for the entire country.