Gus Bilirakis: 'Obamacare Cuts Medicare by over $700 Billion'

U.S. Rep. Gus Bilirakis, R-Fla., took to the House floor on Thursday and attacked President Barack Obamas decision to shift funds from Medicare to pay for his signature health-care law.

Nearly 30 percent of all seniors 15 million Americans choose Medicare Advantage, Bilirakis said. Individuals have testified before the Energy and Commerce [Committee] that Medicare Advantage provides better results than traditional Medicare by embracing free-market principles.

Obamacare cuts Medicare by over $700 billion, Bilirakis added. These cuts will reduce the access seniors have to Medicare Advantage. This is unacceptable.