Does Obamacare Do Away With Medicare? 
Obamacare does not eliminate Medicare but it does reduce current and future funding for Medicare . The argument is , by `` bending the cost curve '' savings will magically be generated that result in the program requiring fewer operating funds . Sounds good , but it does n't work that way . Bending the cost curve is attained by paying providers less and shifting more of the cost of care to Medicare beneficiaries . 