All this assumes that the law’s Medicare savings will actually pay off. Yet that is no sure thing either. Those projected savings are based in large part on targeted payment cuts to health industry players and providers. Those cuts, however, are already facing heavy opposition, and the White House has already backed down at least once.
On the same day that the Medicare Trustees report was released, the Government Accountability Office published a critical report on the administration’s decision to override planned payment cuts to private insurers in the Medicare Advantage program—cuts that played a big part in generating ObamaCare’s alleged Medicare savings. A week earlier, progressive champion and Massachusetts Senate hopeful Elizabeth backed scrapping ObamaCare’s tax on medical device makers. In this sort of political environment, it is hard to see how all of ObamaCare’s savings will stick.