Once politicians create a pile of free money, people will figure out ways of getting their hands on that money. That’s true for all programs. But because of the amounts of money involved, Medicare is a far bigger problem than other programs
There are legitimate debates about public policy issues. Those discussions do not have to be turned into demonizing the other side as Al Gore stylized regarding Global Warming and Paul Krugman now personifies regarding our massive deficit and debt.
I never paid much attention to what Roger Ebert said about movies.
Over the next 10 years health reform will impose upon us about $1 trillion in new taxes and it will take another $716 billion out of Medicare, imperiling access to care for the elderly and the disabled according to Medicare's Office of the Actuaries.
If all that weren’t bad enough, a few weeks ago the Centers for Medicare and Medicaid Services (CMS) proposed an additional 2.3 percent reduction in Medicare Advantage payments for 2014. This new reduction, combined with the cuts in the health care law, mean Medicare Advantage payments next year will go down by more than eight percent, or about $11 billion.
Last summer, Barack Obama riled a lot of entrepreneurs when he got carried away at a campaign event and told any American who had built up a successful enterprise, “you didn’t build that.”
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.
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