THIS IS A LIE! First, medicare doesn't pay insurance companies, it pays PROVIDERS! Second, these cuts hurt hospitals, nursing facilities, and offices, which must in turn make cuts to staffing and services. Third, staffing cuts mean people don't get paid, and service cuts mean fewer people get HEALTHCARE! Forth, the money "saved" goes directly into the obamacare trainwreck to fund all the payouts, kickbacks and shoddy services, including INSURANCE COMPANIES!
Believe it, it IS the truth. This is exactly what happened. Big Insurance does not want you to believe the ACA will work. The ACA's sole purpose is to REGULATE Big Insurance. So they will do anything to keep the American People ignorant of the good that will come through the ACA. Anyone telling you otherwise is lying, plain and simple. Do your homework.