“Senior [citizens] will see $500 billion in Medicare cuts to fund Obamacare.”

Claim: “Senior [citizens] will see $500 billion in Medicare cuts to fund Obamacare.”

Ad(s):  Obamacare will be a nightmare for Florida Seniors

Sponsor(s):  U.S. Chamber of Commerce

Total Estimated Spending On This Claim:  $930,220

 

Politifact Summary:  The key to this claim is the fact that the health care law does not take $500 billion out of the current Medicare budget. Rather, the bill attempts to slow the program’s future growth, curtailing just over $500 billion in future spending increases over the next 10 years… The U.S. Chamber said that “seniors will see $500 billion in Medicare cuts to fund Obamacare.” That’s largely incorrect. Medicare spending is still set to increase, just not at as high a rate as originally anticipated.  Click here to read more