Asset Based Loan

Would Seniors get Medicare cut post fiscal cliff

If the fiscal cliff were ever breached and the Government ran out of funds, would the Government cut Medicare payments to Seniors?

If we pass the fiscal cliff, there will only be very bad choices for the Government to make, and none of them will seem like the option the Government will want to choose.   However, not funding Medicare will mean that Senior will be denied needed medical care and medical payments for care they need to receive and have received.    The fallout will last at least a decade if this happens.   Senior’s attitude about Government will fundamentally change, likely in the direction of assuring in the future that Medicare is funded under
all circumstances.    Shortfalls in funding to Social Security and Medicare will not be
tolerated by the public.   This is a belief that politicians are fully aware of.

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