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Medicare Needs More Competition, Not Less

Bill258 Wrote: Mar 08, 2013 9:45 AM
If my Medicare taxes and premiums had been placed in a private account and earned 3.65% per year, my Medicare premiums and the interest during the period I have been on Medicare would have paid for my Medicare benefits. When I die, my heirs would receive $82,000. Instead, they will receive nothing from Medicare. newsandopinions dot net

Senate Democrats are finally beginning the process of writing a budget after four years of dereliction. They will almost certainly include some changes to Medicare, the largest driver of federal spending and debt. But unfortunately, there are indications that they intend to focus on the small piece of Medicare (10.6 percent in 2012) that is actually working well: the Medicare Part D prescription drug program.

The drug companies cut a deal with the White House early in Obama’s first term to provide the funding for pro-Obamacare TV commercials and street organizing in exchange for favorable treatment in that bill. But...

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