In other news, Obama suck-up Jonathan Cohn informs us that the latest "distortion" from the Romney-Ryan ticket is that 15% of hospitals will become unprofitable under the Obamacare-Medicare raid. What follows is the most ineffectual refutation of that "lie" I've ever seen:
An independent analysis of the Affordable Care Act suggested that some hospitals might not be able to adapt these reductions—and that, as a result, 15 percent would become unprofitable. If that happens, they might stop seeing as many Medicare patients, forcing seniors to wait longer for care. Or Congress might decide to ease up on the cuts, cause the law's total cost to rise.
The analysis comes from Richard Foster, Medicare’s chief actuary. He is smart and honest, so you should take what he says seriously. But plenty of smart and honest analysts take a different view.
And we prefer those analysts on the Obama campaign payroll, so you can stuff it Richard Foster. It's not an exaggeration to say that Cohn all but advocates the bankruptcy of these greedy hospitals:
To be clear, Foster could be right that hospitals will struggle. But would 15 percent of hospitals losing money be a disaster? In most industries, it wouldn’t be.
You see, the Medicare raid to pay for Obamacare is a form of "tough love" to compel those hospitals to pare back unnecessary procedures that drive up costs. The exact same compulsion for hospitals to reduce costs by applying market forces is "cutthroat competition." Free choice = bad. An unelected board slashing reimbursement rates to hit spending targets = good.
It's all about good intentions.