Medicare reform backfires on Bush

THE WASHINGTON TIMES ^ | 17FEB04 | By Ralph Z. Hallow

[what's up]

I love the Health Savings Accounts provision in the bill.

This will go a long way toward lowering medical costs in the long run. And I can't wait to take advantage of it.

[evilC]

Those seniors have been paying premiums into the SS/Medicare system for decades. They aren't getting this for free.

Medicare and Social Security are not savings schemes. They are wealth transfer schemes. The money they paid in has gone. It was used to pay previous retirees. Medicare and Social Security are simply form of welfare, you have no vested rights in your contributions (Fleming vs. Nestor)