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Think medicare is going unand im so cooked. >> medicare is used to finance this bill. >> greta: how? >> when the bill is phased in there will be a trillion in reductions in medicare expenditures. >> greta: people who would ordinarily get that trillion are not? >> it means advisers and seniors using medicare advantage as their insurance vehicle will see dramatic reductions in their payments or in the case of insurance will not be able to buy medicare advantage insurance. that will save a trillion...

Front of me to paraphrase what they said was the reductions in medicare in the big bill which is what the president signed today will be spent on new programs that have nothing to do with medicare they were very forthright about this. it was a very practical matter. you are going to take a huge amount out of medicare, use it to fund new entitlement programs that the president wanted and medicare which is already headed towards insolvency is going to have used up what i call the seed corn or the ...