700,000 Medicare Beneficiaries to be Displaced

Quoting The Wall Street Journal
(emphasis mine):

“Seniors enrolling in private Medicare policies starting this week are finding fewer options, as health insurers close down certain types of plans due to legislative changes and looming cuts to federal funding.

Cigna Corp., Harvard Pilgrim Health Care, several Blue Cross Blue Shield plans and others aren't renewing hundreds of Medicare Advantage plans, which are Medicare policies administered by private insurers. The moves will displace some 700,000 beneficiaries who must find new policies, according to Humana Inc., a large seller of Advantage plans.”

Obama promised this would not happen:

But, we knew all along that was a bald faced lie.
These Medicare cuts will not make Medicare more solvent.
These Medicare cuts are, instead, used to fund ObamaCare.

Click here & examine ObamaCare accounting fraud.
Click here to examine the real health care agenda.