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  • FACT CHECK: Obama Misleads on Medicare, Taxes, and Regulations

    During a Sunday evening interview on CBS’s “60 Minutes,” President Obama made numerous factually inaccurate or misleading claims.

    Specifically, Obama claimed that he has not raised Americans’ taxes, that he has not raised costs for Medicare beneficiaries, and that he has imposed fewer regulations than his predecessor. The first two claims are false, and the third is highly misleading.

    Obama: “You can’t ask me to…ask seniors to pay more for their Medicare.”

    Fact: Obamacare’s cuts to Medicare will raise Medicare costs for many seniors.

    Obamacare’s Medicare Advantage cuts will force more seniors into traditional Medicare plans, according to Medicare’s chief actuary Richard Foster:

    The new provisions will generally reduce [Medicare Advantage] rebates to plans and thereby result in less generous benefit packages. We estimate that in 2017, when the MA provisions will be fully phased in, enrollment in MA plans will be lower by about 50 percent (from its projected level of 14.8 million under the prior law to 7.4 million under the new law).

    The result will be higher out-of pocket costs for many Medicare recipients, since traditional Medicare plans, unlike MA, don’t cap out-of-pocket costs. “Seniors leaving the private plans would still have health insurance under traditional Medicare,” the Associated Press noted, “but many might face higher out-of-pocket costs.”

    The AP confirmed these findings in a report last week:

    …if you are lucky enough to be financially comfortable in retirement, odds are you’ll pay higher premiums under President Barack Obama’s plan. It’s not just the 1 percent who’ll feel the pinch.

    And take note, baby boomers: The Medicare you get won’t be quite as generous as what your parents’ generation enjoys. A higher deductible here, a new co-payment there, and the tweaks add up.

    Whether or not the administration’s approach is wise policy, the fact is that many seniors will be paying more for their Medicare benefits.

    Indeed, the White House has been very frank about the effects of its MA cuts. “I’m sure that some of those additional benefits have been nice,” said White House health care official Nancy-Ann DeParle. “But I think what we have to look at here is what’s fair and what’s important for the strength of the Medicare program long term.”

    Obama: “I haven’t raised taxes.  I’ve cut taxes for middle class families by an average of $3,600 per typical family.”

    Fact: Obamacare will raise taxes on millions of Americans, including many below the poverty line.

    “Nearly 6 million Americans — significantly more than first estimated— will face a tax penalty under President Barack Obama’s health overhaul for not getting insurance, congressional analysts said Wednesday,” the Associated Press reported last week. “Most would be in the middle class.”

    Nearly 80 percent of those forced to pay Obamacare’s mandate tax will make five times the federal poverty rate or less – about $55,000 for individuals and $115,000 for households – in 2016, the year CBO examined.

    About 600,000 Americans below the poverty line – incomes of $12,000 for individuals and $24,600 for families of four, CBO’s projection for 2016 – will be subjected to this tax.

    What’s more, the mandate tax is only one of a slew of Obamacare tax hikes.

    Obama: “I’ve issued fewer regulations than my predecessor George Bush did during that same period in office.”

    Fact: Obama’s major regulations dwarf Bush’s in cost and quantity.

    Heritage’s Red Tape Rising report spelled out the disparity in simple terms:

    During the three years of the Obama Administration, a total of 106 new major regulations have been imposed at a cost of more than $46 billion annually, and nearly $11 billion in one-time implementation costs. This amount is about five times the cost imposed by the prior Administration of George W. Bush.

    While Obama focuses on all rules issued by federal agencies, the more relevant measure – regulations that will actually have a significant impact on economic growth – shows Obama has wielded a much heavier regulatory hand than his predecessor.

    Posted in Featured, Obamacare, Scribe [slideshow_deploy]

    43 Responses to FACT CHECK: Obama Misleads on Medicare, Taxes, and Regulations

    1. Clearcut1 says:

      I well and truly wonder how many of his 2008 voters, confronted with this, would simply retreat into denial and, if pressed, would descend into vituperation.

    2. Joan Waters says:

      Thanks for giving us nothing but the facts. Obama has to go or the country as we know it will go!

    3. Truth….sadly so many liberals will never see this….sad for our country!

    4. Fred says:

      Obama lies for the same reason as everyone else: He doesn't like the truth.

    5. D'oh. If he were truthful about the "accomplishments" of his failed Presidency, and the current state of every one of his promises, he would need to resign (and thus keep at least one promise; the one that where if he didn't turn around the economy, he would be a one-term President).
      Dissembling, prevaricating, attempting to shift blame, and slamming his more-accomplished opponent are the only actions left in his playbook.

    6. Well, no need to let annoyances like facts get in the way when you're campaigning.

    7. He has lied so long to American citizens that he now has hard time telling fact from fiction in his own mind.

    8. During the three years of the Obama Administration, a total of 106 new major regulations have been imposed at a cost of more than $46 billion annually, and nearly $11 billion in one-time implementation costs. This amount is about five times the cost imposed by the prior Administration of George W. Bush. This has been fact checked.

    9. Becky Bixler says:

      We need to know the truth!

    10. darry says:

      How about instead of saying, "That's Politics, You say Lying is shameful, I will not take part in it? Someone will.

    11. Jboof says:

      The sad thing about this is that people actually believe him. He had his chance and continually blames his predecessor. We need a new president that is actually a leader and not afraid to stand up for America!

    12. Paula Beatty says:

      Obama: “I haven’t raised taxes. I’ve cut taxes for middle class families by an average of $3,600 per typical family.” I would like to know where is this $3600 per family that he is cut. It didn't make it into my bank account.

      • Lisa says:

        That $3600 is over the 4 years of his office. $800 for 2009 and 2010 via the Making Work Pay credit for 2 income earners and $1000 for 2011 and 2012 for the 2% reduction in social security tax collected from a $50,000 in wages. This info is from the White House publication of his tax plan dated July 2012. The way it is stated in both the interview and the summary of the document is misleading.

      • Don says:

        Paula, It didn't make it into my bank account either. It must have gone into some of the 47%' that don't pay any income taxes bank accounts!!!

        • Barbara says:

          You must be one of the 47% because if you didn't get your tax cut, you didn't file your taxes! See Lisa's reply to Paula above.

    13. Birna christian says:

      Don`t vote for Obama.

    14. Larry Goldberg says:

      I believe that Obama and his cronies take the position that if they all repeat the same lies over and over, with conviction, enough of the electorate will buy them as fact. And the main street media doesn't report the truth.

    15. William says:

      A fine job as usual. Thank you for helping us see past the smoke and mirrors.

    16. Why should we expect anything other than lies from the most dishonest individual to ever occupy the Oval Office. What is truly exceptional is the way the Washington press corps give him an unlimited pass, refusing to question statements that are obviously false and consistently practicing a shared policy of misdirecting the American people's attention to non-issues…Romney's old tax returns and Ryan's marathon time from 20-years ago. One can only hope the media's collaboration with the Democrats is becoming obvious to more and more Americans.

    17. This lying in order to fool the majority of American just because he knows they will fall for it and vote for him is an insult to your followers. Obama knows that most of his followers will never bother to find out the truth, at least until the election is over. I find this condescending.

    18. Rosedale Gardens says:

      I work in healthcare. We've been suffering the effects of being one of the lowest payment areas in the country and we are bracing for more. I don't see how a lot of hospitals can survive.

    19. TexasMom2012 says:

      And this is why our economy is stalled. Add in Obama's war on fossil fuels and there is zero hope for economic growth until he is out of office…

    20. If you are sitting on the fence regarding the upcoming presidential election, or know someone who is, or you are going to vote for a third party candidate, then I hope you will read this article. If Obama wins this election, the America we know and love, will no longer exist.

    21. Joanna B Mcd says:

      Facts….something this administration doesn't understand.

    22. george says:

      Starting in 2014 there is a reinsurance fee of 12 billion, an insurance fee of 8 billion, this is in addition to the fee on pharmaceutical firms and the fees on medical device manufacturers. To put the combined 20 billion insurance fee into perspective it would dwarf the net profit of the top 5 national health insurance companies (UNH< WLP< AET, etc). Of course, this fee will be passed along via higher premiums which means this is a direct tax on all those who have insurance through their employer or purchase individual insurance.

      • Neeters says:

        I work fraud analysis for a major bank. The job title is misleading. We work card claims.
        This year my insurance premiums went up a whopping $10. Doesn't sound too bad, right? Except our company could not afford to offer us our normal choice of plans. My deductible, office visits, procedures, Hospital stays, EVERYTHING has increased so much.
        Plus we are only allowed x dollars in coverage a year it won't even cover a person or family with a serious condition.
        My employer is already paying the penalty Obamacare charges. I can't recall exactly but the employers had to start paying this year, years before we started paying out for people using the blood sucking program.
        And the senator was correct, Obama did lie (what's new?) Obamacare will give free healthcare to illegal invaders.

      • Micki says:

        Exactly just what I was going to point out George.

    23. DonHarper says:

      The only tax cut I'm aware of the the 2% reduction in the FICA payroll tax. That amounts to $2500 for each of the last two years for someone making $50,000. Of course, this has only exacerbated the Social Security funding problem.

    24. Diane Johnson says:

      What is Romney going to do when he gets there? and how fast?

    25. Ray Cathode says:

      Obama is an "intellectual", a post-modernist, he thinks the truth is whatever he says it is, BECAUSE he says it is.

    26. Obama: “I haven’t raised taxes. I’ve cut taxes for middle class families by an average of $3,600 per typical family.”

      Fact: Obamacare will raise taxes on millions of Americans, including many below the poverty line.

      Please check out the facts for yourself…

    27. rmgdnnow says:

      I have noticed that "Liberals" (Socialists) from Russia to everywhere else play fast and loose with the truth consistently and frequently, whenever it suits their needs. The above described instances illustrate my point. We can expect Obama to utilize the same tactics in the coming "debates" as he has on the "60 Minutes" program. "The ends justify the means." And CBS will be there to help.

    28. sherry says:

      Liberals won't see this. They see him as a likable guy who's on late night talk shows. This is the sad truth. Issues really don't matter to some people. It will when it affects them, unfortunately it will be too late.

    29. Those that are in or close to retirement can expect even more bad news regarding SS and Medicare if Obama gets a second term. Your analysis is spot on, thanks for putting the situation in a capulized article.

    30. J Dawson says:

      Unfortunately, politicians lie so muych, you don't know what to believe. There should be a clean sweep of Senators, Congressmen etc. There should be a term limit and when they leave office, let them trying living on what most Americans live on instead of their benefits continuing. It's time for a change in the Government.

    31. Donna Brizendine says:

      I was wondering why everyone believed this liar in 2008.. I certainly did not believe him then and I don’t believe him now . Number one complaint of the Democrat voting precincts in the United States had dead people voting for him. That would certaintly tell you don’t vote for that man this November 2012.

      The next thing is some voting precints had Black Panthers standing there with clubs waiting to see you would go in to vote , Scaring away the people who were white and wanted to vote but walked away being scared to vote . Is that fair … Sounds like something from Iran , don’t you think.

      Next thing after Obama got in he had a private vote behind doors with is Cronies and voted in the Obama Health Care Law … That there would tell you right away don’t vote for this man in 2012 .

      I could go on and on about the bad people in Washington DC especially Reed and Pelosis , Acorn people , and all of the cronies that were given positions without Congress or Senate being to check these people and vote for them .. Then you had Obama threating the Supreme Court over voting the Immigration Laws down in Arizonia … Tell me why he didn’t use the Laws are already enforce by the FBI …

      Wake up America …. This is the year to go out and vote to save American Freedom

    32. Tyler Quenan says:

      You guys realize that in that list of 18 new taxes only number 5 affects most middle class Americans! These taxes don't really effect us and some of them are a really good idea i.e. number 2,10,11, 15 and 17 to name a few. I know anti-gov people are always saying "I don't trust the media" and "I read for myself" which is fine but make sure you fact check the articles you read with reliable sources i.e. and academic journal not an opinion piece.

    33. I love actual facts, especially when AP(liberal biased media wing) even confirms the mis-truths

    34. Shane Malone says:

      Gary Johnson for President, he cut taxes 14 times in mexico, balanced the budget and new mexico has 1 billion surplus

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