CMS slashes Medicare Advantage; “Disarray for many seniors”. “Though Democrats denied it during the 2012 campaign, Obamacare cut Medicare by $716 billion [to fund] $1.9 trillion in new entitlement spending over the next 10 years. A big chunk of those Medicare cuts came from the… Medicare Advantage program. …the Obama administration postponed the Medicare Advantage cuts until after the election, so as to persuade seniors that everything would be just fine. But the election is over. ” If you like your health insurance, well tough sh*t.