The Office of Medicare Actuary is the master of understatement. On May 18, 2012 at midnight on a Friday night before a United States holiday week (that is, when no one will be looking), the Medicare actuary released a memo written to nobody that put some hard numbers around the dire situation for Medicare spending into the future.
To be fair to the Medicare actuary office, the bean counters did mention previously under their breath in an appendix -- including in Medicare's official April 2012 report -- that things were not all they seemed to be with "Medicare as we know it." In this midnight memo to nobody, the actuary's finding are similarly artfully worded to avoid angering the powers that be:
"These reductions would be quite challenging."
In other words, instead of using the highly publicized data released and discussed in April 2012 that let President Obama and other left-wing ideologues claim that the Medicare spending situation was pretty good all things considered, that Obamacare will make it better, and that "Medicare as we know it" should keep rolling along, the 20-page Friday May 18 midnight memo to nobody says"
"Seniors, you're screwed."
-- Dennis Byron