Senior doctors and staff at hospitals would have to bear the brunt of ObamaCare over the coming few years. As Richard Foster, chief actuary, Medicare, while presenting the Annual Report of the Medicare Board of Trustees, reported that there would be cuts that would be levied on the funds that are available for Medicare.

Mr. Foster further announced that there would be a cut in the payment of senior members and doctors at hospitals of Medicare which would be up to 30%. It was also noted that payment rates for Medicare would be lower than Medicaid.

Mr. Foster also informed that according to the report, payment rates of Medicare would be 1/3rd of what would be the payment rates of insurance firms and half of what is paid by Medicaid by the end of the 75-year projection period in ObamaCare.

ObamaCare would be cutting up to $818bn during the initial 10 years of its inception from Medicare Part A, which involves hospital insurance and $3.2tn over the span of 2 decades from its inception.

Mr. Foster further noted that Medicare Part-B would face cuts of up to $1.05tn in the first decade and $4.95 over the first two decades from the implementation of ObamaCare.

The ruthless cuts could be a major source of frustration for senior members and doctors in hospitals, though it remains to be seen how they react to these developments.