The Administration, however, had a ready fix: the IRS just wrote a rule that allows the subsidies to flow anyway, arguing that that must be what the law really meant.
Read MoreMedicare cuts and the Obama Administration
Consumer Power Report: Medicare Funding Shenanigans
Today will bring the latest report from the Medicare trustees on the program’s solvency, or lack thereof. Expect a slight improvement to appear thanks to the 2 percent cut to providers mandated under the sequestration agreement – but that’s fool’s gold, and everyone knows it. An interesting side note to the trustees’ report is this story regarding a GAO report on a specific aspect of Medicare’s funding failures – namely, that the Obama administration is…
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