By Rich Daly
Sep. 6, 2012
In the highest-profile speech yet at the 2012 Democratic National Convention, former President Bill Clinton offered a detailed defense of the 2010 healthcare law that explicitly endorsed cuts to providers.
Clinton directly answered many of Republicans’ leading criticisms of the law, including the projection that the Patient Protection and Affordable Care Act will cut $716 billion from Medicare.
“Here’s what really happened. There were no cuts to benefits. None,” Clinton said. “What the president did was save money by cutting unwarranted subsidies to providers and insurance companies that weren’t making people any healthier.”
Clinton said the law used those cuts and savings to close the doughnut hole in the Medicare drug program and to extend by eight years, to 2024, the solvency Medicare Hospital Insurance Trust Fund.
“So President Obama and the Democrats didn’t weaken Medicare, they strengthened it,” Clinton said.
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