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The GOP plans to cut $270 billion from Medicare over the next seven years. The cuts will mean smaller payments to health care providers, making them more reluctant to treat Medicare patients.

The Republican leadership believes healthy people will leave Medicare in favor of Medical Savings Accounts (MSAs), because if policy-holders stay healthy, they get to keep the money they didn’t spend on care. But the money they keep is money that would normally pay the costs of those in Medicare who get sick. As more money drains out of the Medicare system, more relatively healthy people will leave Medicare in favor of MSAs or private insurance services such as HMOs and managed care plans. This creates a “death spiral,” in which the sickest Medicare recipients are left behind in an underfunded and rapidly collapsing Medicare system.

Insurers are contributing millions to politicians to make sure that Medicare is privatized–and to increase their chances of getting a big piece of the action.

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Thank you!

We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

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