Ishmael
Literotica Guru
- Joined
- Nov 24, 2001
- Posts
- 84,005
That's $85 billion less private sector demand. How can that not be bad for the economy?
Also Medicare was not put off limits. The seqeuster cut provider and pharmaceutical reimbursements by 2%. Most private insurers base their reimbursement rates off of the Medicare rate so they'll be cutting back too (and increasing their profit). Medical practices that run on small margins are going to struggle with this.
http://money.cnn.com/2013/03/02/smallbusiness/medicare-doctors-spending-cuts/index.html
How do you figure? It looks to me like the opposite is true: baseline cuts that don't address the problem of increases still increasing just the same.
Ever heard of "baseline budgeting" sparky?
Ishmael
