Medicare cuts have more in California on edge

The San Francisco Chronicle reports:

About half the funds to pay for the nation's new $940 billion health law will come from reduced federal government spending on the Medicare program - and, although it's too early to gauge the impact on the 45 million Medicare beneficiaries, the idea is creating anxiety among many of them.

Much of the worry - from both supporters and critics of the health insurance overhaul - centers on the government's plans to cut payments for Medicare managed-care policies called Medicare Advantage. These plans, offered through private companies, cover 1.5 million Californians and just over 10 million nationwide.

Great moments in socialized medicine.