Detailed text transcripts for TV channel - FOXNEWS - 20120819:22:03:00
About the $716 billion cut to medicare because it is -- if i may -- if i may ask the question, under the obama plan obama care there is a 716le with dollars cut. >> there is a $716 billion -- we found $716 billion in efficiency and savings primarily by reducing the subsidy that the government was paying to medicare advantage through private insurance companies that was costing medicare not saving medicare money as it was designed to do but in fact costing medicare 16% more than traditional medicare. we look the subsidies out and lo and behold the enrollment for medicare advantage is actually u...