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Is ObamaCare using medicare dollars to help pay for this new law?
Wiki User
∙ 10y ago
No.
Medicare is an entirely separate system from the PPACA, and funded from a different source. Medicare is a social insurance program paid (primarily) from payroll taxes, and open to US citizens 65 and older.
The PPACA allows for the expansion of Medicaid (medical coverage for the poor), and is funded by the states and federal government out of the general tax revenue of both.
The operation of the PPACA-created Insurance Exchanges are paid for out of state funds (even if Federally-run, the state must reimburse the Federal government for proporational costs). All enforcement and compliance funding comes from the general operating budget of the relevant agencies/departments. Both of these costs should be offset by additional taxes and fees levied on the healthcare industry as part of the PPACA.
The final portion, the subsidies given to the people who buy insurance through the Exchanges come from the Federal government. They are paid for from general tax revenue, which will include any PPACA-related penalties paid by non-compliant individuals and businesses.
Wiki User
∙ 10y ago
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