Posted on 08/23/2017 9:40:35 AM PDT by Oldeconomybuyer
Medicares trust fund will run out of money in just over 10 years, according to a new report from the programs trustees. Once that happens, the federal government wont collect enough in payroll taxes to cover beneficiaries hospital bills.
Congress could hike taxes to cover the shortfall. Or it could ration care to save money.
Or it could modernize and restructure Medicare by giving beneficiaries means-tested vouchers to buy private insurance. Doing so would protect taxpayers now, preserve the program for future generations and even provide higher-quality care to seniors.
Medicares spending isnt sustainable. Congress can stave off massive tax hikes and benefit cuts by voucherizing the program and injecting some much-needed competition into the health care market.
(Excerpt) Read more at morningconsult.com ...
They wouldn’t even be our elected officials in many instances.
If they couldn’t rob us blind, why would they want the position.
You are right when it comes to jail though. Many of them belong there > IMO.
You shouldn’t be able to go to Congress with a few million, and wind up with $100 million after ten years.
If you get Americans working in good jobs again, you can afford Medicare.
Trump has talked up the economy, but Congress hasn’t done squat implementing Trump’s platform.
Where is the wall? Where are the tariffs? Where are the spending cuts? Where is the Obamacare repeal? Where are the repeals of the so-called free trade agreements?
The baby boom in the 1950s was known to politicians for sixty years.
Their response—ignore it and hope it goes away. :-(
Are you saying that you pay cash for medical care now,and will continue to do so?
We are hugely into holistic medicine on the rare occasion that we need it, and we rarely need it.
And don’t tell anybody, but most things we need would cost far less than our deductible anyway. Health insurance these days is a pure scam from my perspective. We’ve saved roughly $52,000 after tax dollars on premiums , just for the bronze plan, since we abandoned health care insurance.
We put our faith in the great physician.
That’s good news! Thanks!
When you are $20T in the hole and have trillions in unfunded liabilities how can money for anything run out in 10 years? Any accountants out there?
>the vast majority of people dont really need health insurance
not having coverage especially after 60 is whistling in the dark.
a cancer diagnosis could mean you lose your home and savings (unless you choose not to continue living).
my 35 yo nephew passed last month, was diagnosed with kidney cancer last april. a hale and hearty young man with a family...
bad things can happen very quickly!
You are still young-—things change.
I had never been hospitalized in my life(maternity care only) and then needed cancer surgery in my seventies and had a stroke 5 years ago,at 80-———hospitalization both times-——the bills would have been horrendous without any insurance.
..
How many billions have we given to corrupt dictators in Pock eeee stan and the other ME and hellholes in that region that paid the Clinton’s for ‘speeches’?
Anyone got the numbers?
a cancer diagnosis could mean you lose your home and savings (unless you choose not to continue living).
Also, as I mentioned in a post you may have missed, I have multiple friends that have been cured of serious cancer without “AMA approved” methods. The specific one I mentioned used the Gerson method against stage four breast cancer. She’s 7 years cancer free now.
Fact is, the odds of getting cancer if you live a healthy lifestyle are very, very low. The cost of health insurance is simply not worth it, and I would not want the treatment it covers anyway. Also, if I actually paid for health insurance, I’d have to give up my house and savings just to make the payments. Health care insurance is so expensive now that it is not worth the cost.
Imagine that it ws $10,000 a month with a $50,000 deductible and you will see it as I see it. You would probably not buy it, take responsibility for your health and trust the Lord.
Do we need to rescue it?
Better to end it.
Means testing will only result in fewer people being covered and the price will continue to go up anyway.
It will continue to accrue liability because congress will be afraid to set rates at what they should be.
Eventually, you’ll have a multi trillion dollar program that covers one person.
Everyone wants to live. But it is hypocritical to be a conservative most of the time but a socialist when you want free stuff.
I grew up extremely (extremely) poor by US standards. It would have been easy to go down the socialist path. But I always voted against it - even when it went directly against my short term self interest.
Government run social programs have given benefits to some at the expense of destroying the financial system for those that are younger. They have been a disaster. A Ponzi scheme, fraud riddled, social engineering, disaster.
Yeah, like that will ever happen. Where would they get it?
Thieves don't "give it back", especially when "it" has already been spent on non-capital (expensed) items.
It would be progress if the thieves just owned up to the situation.
Totally ain't happenin'.
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