Medicare spending will be cut and reinvested to fund subsidies
While Medicare spending will be cut, it is simply not enough to cover the costs of this new ObamaCare health insurance subsidy plan.
This new plan set to cut Medicare spending (23% of the US budget per a 2010 statistic) and use the money gained from cutting Medicare to the new program. The plan also intended to bring down deficits by reducing one of the biggest reasons for the deficit, Medicare spending. However, the costs for this program were underestimated by $1 trillion dollars according to Douglas Holtz-Eakin, former Congressional Budget Office director and would bring a bigger cost than Medicare.

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Argumentation and Debate - 49431 »Argumentation and Debate - 49431
Johan Moreno »Johan Moreno
Heath insurance subsidies/"Obamacare" »Heath insurance subsidies/"Obamacare"
Health insurance subsidies are bad for the United States Ecomomy (c) »Health insurance subsidies are bad for the United States Ecomomy (c)
Subsidies will add billions of dollars to the already large US debt g »Subsidies will add billions of dollars to the already large US debt g
Subsidies add tons of debt and are bad for the US economy w »Subsidies add tons of debt and are bad for the US economy w
Medicare spending will be cut and reinvested to fund subsidies
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