GAO Gives Up on Auditing Government Over Medicare Projections, Cites 'Uncertainties' - FoxNews.com
Though projected Medicare savings were used to build the case for the Obama administration's health care overhaul, the GAO report -- rather, non-report -- declared "significant uncertainties" in those assumptions.
The audit stated that as a result, "we are unable to, and we do not, express an opinion on the 2010 Statement of Social Insurance," which covers long-term budget projections for Social Security, Medicare and other benefits programs. The statement is the latest budgetary document to raise questions about whether the government's plans for reining in Medicare will hold.
"We couldn't determine whether the numbers were fairly presented in the statement," Robert Dacey, chief GAO accountant, told FoxNews.com. "There are a lot of concerns about whether or not (planned cost reductions) could be achieved."Wow. The Obama administration experts at work. Gotta love that 'hopey-changy' thing, huh.The GAO report cited an alternative projection showing the long-term shortfall over 75 years could actually be $12.4 trillion more than the $22.8 trillion estimated by the federal government. The huge gap between possible budget scenarios made it virtually impossible to weigh in, Dacey said.
The office noted concerns that Medicare costs will probably exceed those in current projections, in part because of a law that would nix planned reductions in doctor payments through the end of next year. The report specifically questioned a projection that doctor payment rates would be reduced by 30 percent over three years.
"There are significant uncertainties concerning the achievement of these projected decreases in Medicare costs," GAO said.
The administrations numbers are so hopelessly ****ed up, the GAO can't even properly audit them!
And without knowing the real numbers on Medicare, you can't count on any savings there for use in paying for that monstrosity called Obamacare. Sweet.
Way to go, Barry!