It's proper to place this situation in the context of Washington fiscal politics. The Medicare cut is slated to go into effect in fiscal 2024, which gives it the flavor of a budget gimmick. The chances are good that lawmakers will revisit the cut long before it goes into effect--and the budget landscape a decade from now is certain to look very different from today's. The $700 million cut is the equivalent of about 14 hundredths of one percent of Medicare's budget today ($500 billion).
Things are starting to get dangerous when our president can decide that a law doesn't really mean what it says, but means whatever he decides it means. Now, if he could enforce that, and he's getting closer, we are in big trouble. Oh, and not just one party, every single person in the country, though many don't realize it.
"We have met the enemy and they are ours..." -- Oliver Hazard Perry
"I don't want a piece of you... I want the whole thing!" -- Bob Barker