Our Medicare dilemma
Liberal’s hypocrisy knows no bounds.
Even most Democrats recognize the sad fact that Medicare and Medicaid are going broke at a rate even faster than Social Security. Some will even admit it.
So, what do they do to fix it?
Like the proverbial ostriches they stick their heads in the sand and point a finger of blame at anyone who dares come up with a plan to try and solve the problem. And then they run attack ads, of course
One in particular I’ve seen has a Paul Ryan look-alike pushing “granny” around in a wheel chair and eventually throwing her over the cliff.
Now, that’s a sure fire way to fix what almost everyone with any sense knows is a financial train wreck coming at this nation on the fast track.
We, as a country, are already swimming in red ink with our noses barely above water, yet liberals would rather demagogue the problem than sit down and come up with some answers.
Some real bi-partisan solutions. They eviscerate Paul Ryan who has at least proposed one way out, or path to a solution, of the crisis facing us.
Medicare is rushing toward the brink and that fact is confirmed by the Medicare trustees’ report featuring a stunning charge from last year’s assessment.
The hospitalization part will be exhausted by 2024 rather than 2029 as previously projected.
But the truth is House Budget Committee Chairman Ryan’s budget saves Medicare, whose unsustainable status quo leads to certain fiscal destruction.
The Heritage Foundation’s Center for Data Analysis analyzed the economic effects of Ryan’s plan for fiscal year 2012 through 2021, using accepted econometric models.
The results: Ryan’s plan adds an annual average of 1.6 million more private-sector jobs above the Congressional Budget Office’s alternative budget baseline.
By 2021, GDP under Ryan is more than $400 billion above the baseline.
Disposable after-tax income by 2021 is $164 billion above.
Private savings increase by $202 billion on average, and household net worth rises by an annual average of $564 billion over 10 years.
Government receipts, meanwhile, are more than $590 billion higher.
The Heritage Foundation also projects that, left unchecked, the Big Three entitlements will consume all federal tax revenues by 2049, and that’s unacceptable.
Something’s got to give.
Medicare is generating a tremendous amount of debt. What’s driving the cost of the program is not waste, fraud and abuse as a lot of politicians like to postulate, rather it’s demographics and the demand for modern medicine.
We’re living longer. Baby Boomers are doubling Medicare’s population and those factors will place a crushing tax burden in the future on younger workers to support more and more retirees for longer periods of time.
Failure to enact reasonable reforms now will impoverish the nation and leave the program to collapse of its own weight.
With the passage of Obamacare which makes record-breaking payment cuts to Medicare providers will leave at least 15 percent of them operating in the red within 10 years according to one estimate.
This loss of money from Medicare will force providers to refuse to take new Medicare patients or drop out of participation altogether.
Obamacare has already ended Medicare as we know it.
After all, Obama’s powerful 15-member board is charged with making “specific and detailed” recommendations for even deeper cuts.
We all know you can’t get more of anything by paying less for it.
All this begs the question: Are Medicare’s woes terminal?
Not if we re-think Medicare and the size of government, we can create a stronger Medicare program that guarantees seniors protection from catastrophic health costs, thus giving them peace of mind and greater control over their health dollars.
One thing is certain.
That’s the fact it can’t continue on as it currently is.
Republicans need to get the word out so people can understand the truth rather than the lies told by Democrat politicians.
This problem won’t just fade away into the sunset, it must be solved.