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Stuart Varney: Obama's Medicare Plan Laughable

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  • Description

    FBN's Stuart Varney weighs in on President Obama's Medicare plan.

  • Duration 1:38
  • Date

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-- The president says he will tackle met a cat he's put out a plan to -- 400 billion dollars over ten years here is might take.

Plan is laughable.

-- -- Medicare is committed to paying adult 42 trillion dollars that it does not have so -- asked to believe that 400 billion.

Will save Medicare.

Now look at some of the details.

How does the president -- 400 billion dollars well one thought of it 120 billion will come from.

Although up health savings.

That's a series -- of initiatives no further details.

I don't have much confidence in this do you.

-- about health savings reminds -- of cutting waste and for all I've been hearing that from government for forty years I would still funding shrimp on treadmills.

-- -- -- The president will save a 140 billion what price controls on drug companies great pricing by government that tax and reminds me of Hugo Chavez.

And then there is the thirty billion dollars saved by cutting the money paid to doctors and hospitals.

Paging doctor Siegel about this gonna keep treating Medicare patients do you think.

And finally there's this the president will quotes and coverage efficient cash -- -- hospital stay.

And apple site and undisclosed amount that's the -- won't theory.

A government bureaucrat demands more efficient cash and of course it happens right away right.

Okay enough.

That is the president's plan to save money in entitlement that is rapidly going insult to repeat the plan is laughable.

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