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  •  good morning! (3+ / 0-)
    Recommended by:
    idbecrazyif, D Wreck, Mary Mike

    for today:

    Medicare: Why is it on the table? Greg Dworkin , Aug 2011

    And there we have a problem, not so easily solved: the current rate of growth is not sustainable. In fact, it's getting out of control because baby boomers are aging (story from 12/30/2010):
    Starting on Saturday, Baby Boomers begin turning 65 and qualifying for Medicare — one every eight seconds. A record 2.8 million will qualify in 2011, rising to 4.2 million a year by 2030, projections show.
    In all, the government expects 76 million Boomers will age on to Medicare. Even factoring in deaths over that period, the program will grow from 47 million today to 80 million in 2030.
    Medicare: What can we do about it? Greg Dworkin , Aug 2011

    Second, the Affordable Care Act (ACA) holds the potential to vastly improve Medicare’s long-term financial outlook.  If the law’s Medicare savings fully materialize, they will close four-fifths of the long-term shortfall in Medicare’s Hospital Insurance program.  And they will shrink Medicare’s total cost in 2035 by more than one-fifth—from 7.2 percent to 5.6 percent of gross domestic product—according to Medicare’s trustees.
    Jonathan Cohn (today):
    These folks have a point. The rising cost of Medicare and Medicaid is the single biggest reason that, in the future, federal revenue won’t keep up with federal spending. The gap isn’t going to close unless health care spending comes down. And if it doesn’t close, future generations will be stuck with higher taxes, cuts to other federal programs, and/or potentially crippling deficits.

    But it’s a mistake to think that health care spending has to be cut right now. Strange as it sounds, the best strategy for reducing the deficit might be to delay making those reductions—at least until we know whether we need to make them at all.

    "Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies." - Groucho Marx

    by Greg Dworkin on Thu Nov 29, 2012 at 05:56:44 AM PST

    •  Its dissapointing that Medicare is the hostage (0+ / 0-)

      when the reality is that its a self solving problem that has mostly been dealt with.

      In fact with a few tweaks to contributions based on progressive income taxation the reality is we could easily expand medicaid as well and also introduce medicaid contribution programs.

      Fancy that, single payer could work easily.

      Who knew?

      --Enlighten the people, generally, and tyranny and oppressions of body and mind will vanish like spirits at the dawn of day. - Thomas Jefferson--

      by idbecrazyif on Thu Nov 29, 2012 at 06:09:35 AM PST

      [ Parent ]

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