What is worse? 20% across the board income tax cut or cutting medicare by 716 billion?

[NinjaguyDan]

Kasz216 said:

NinjaguyDan said:

Kasz216 said:

NinjaguyDan said:

http://swampland.time.com/2012/08/16/fact-check-obamacares-medicare-cuts/

"As for the cuts, they come from eliminating a massive subsidy to private insurers and gradually reducing the rate of growth in payments to some providers. These changes, while not catastrophic for Medicare, are important. Under the ACA, the federal government will substantially reduce the amount it spends funding Medicare Advantage, which is privately administered insurance offered to Medicare beneficiaries."

 

Ignore the spin, those cuts are beneficial. The only people who are losing out are the assholescumbag insurance company executives who want to skim +30% off the top to fund their lavish lifestyles. Fuck them!

http://money.usnews.com/money/blogs/flowchart/2009/08/25/why-health-insurers-make-lousy-villains

"Profit margins basically reflect the percentage of revenue left over after paying salaries, expenses, taxes and lots of other things. So it's possible for firms to pay their executives a lot and still have a low profit margin. That's why Merrill Lynch, as an example, was able to pay huge bonuses to some employees while the company itself lost epic amounts of money."

 

But we should ignore that and let them plead poverty with some seriously strained math.

 

You do realize Merril Lynch isn't a health insurance company right?

You should of read one more paragraph rather then stopping at the sentence you liked.

"Government interrogators are unlikely to find abuses on that scale among health insurers. While the rest of the economy has collapsed, most parts of the healthcare sector have remained reasonably stable. So odds are that any bonuses paid at least went out of profitable firms."

 

It's all in the facts man.

 

 

Health insurers turn out to be underperformers compared with the other parts of the healthcare sector. Pharmaceutical companies have a profit margin of 16.4 percent—seventh highest of the 215 industries that Morningstar tracks. Others segments of healthcare with margins well above the median include healthcare information (9.4 percent), home healthcare firms (8.5 percent), medical labs (8.2 percent), and generic drugmakers (6.5 percent).

The big money, in other words, isn't in the insurance industry. If it's anywhere, it's in the pharmaceutical industry. But the Obamanauts appear to have reached a kind of détente with Big Pharma in exchange for that industry's tepid support for some kind of reform. So Obama and his foot soldiers need to look elsewhere for black hats.

I pulled that bit from the apologist article you linked to.  

 

THESE PEOPLE ADD NOTHING TO THE SYSTEM, THEY ARE PARASITES, VAMPIRES FEEDING ON THE LIFEBLOOD OF THE WORKING MAN: