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Thread: Democratic investigators target health insurers

  1. #41
    Sage
    Renae's Avatar
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    Re: Democratic investigators target health insurers

    Quote Originally Posted by Joe1991 View Post
    Medicare has been a wonderful program, we do periodically have to adjust it because people are living longer and having less children, and of course health care costs that are twice as much as any other country..
    Thanks for repeating the party line...

    Medicare Insolvent In 8 Years

    We're officially past the point where Social Security and Medicare insolvency are far-off problems that we can ignore.

    Medicare is going bust sooner than we expected. And this isn't some crazy, partisan rambling. This is coming straight from the government, which just updated their numbers based on new tax data. Here's what Tim Geithner said in a statement:

    "The Medicare Trustees Report makes clear today there is no more important long-term fiscal policy measure than gaining control of the growth of Medicare costs by delivering health care services more efficiently. These savings can only be achieved in the context of a larger effort to control health care costs and improve quality more generally. The most effective entitlement reform measure will be a major health reform that helps bring down the growth rate of national health care spending. The Administration is committed to working with Congress to find ways to control runaway growth in both public and private health care expenditures while helping to ensure that all Americans receive the high quality, affordable health care they deserve. The recent commitment of major health stakeholders to help lower the annual growth rate in costs by 1.5% represents a crucial step in that direction.

    "The Trustees Reports come to the following conclusions.

    The Medicare program's financial challenges are larger and more imminent than those of Social Security. Medicare faces demographic challenges, rapidly growing health care costs and the short-term outlook has been hurt by the recession. Medicare's annual costs were 3.2 percent of GDP in 2008, or nearly three-quarters of Social Security's, but are projected to surpass Social Security expenditures in 2028 and to reach 11.4 percent of GDP in 2083, compared with 5.9 percent for Social Security.
    Medicare's Hospital Insurance Trust Fund is projected to become insolvent in 2017, two years earlier than projected in last year's Report.
    The cost of Medicare's Supplementary Medical Insurance (SMI) to the federal government is projected to increase rapidly. General revenue financing for SMI is expected to increase from about 1.3 percent of GDP in 2008 to over 4.7 percent in 2083, with continued increases beyond 75 years.
    As you can see, Geithner takes a measured tone in his writing, but this really is an extremely urgent crisis.

    That being said, there is good news, when you take a step back. Big picture, it's not about funding Medicare or Social Security (which had its lifespan clipped by four years) it's about taking care of old people. That's not necessarily or the same thing. Medicare and Social Security may not be sustainable, but a rich society should be able to care for aged retirees.

    Wonderful program...
    Last edited by Renae; 08-19-09 at 07:43 PM.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



  2. #42
    Liberal Fascist For Life!


    Redress's Avatar
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    Re: Democratic investigators target health insurers

    Quote Originally Posted by Crunch View Post
    You do know that "health care" isn't about health care.... right? It's all about power, power over every aspect of everybodies life.
    Yeah, that's it. It's a sekret plot of us liberals to get control over every one's lives. You caught us, I admit it.

    Gawd, do you even think before you post, or just figure since Rush told you it was true, it must be?

  3. #43
    Educator a777pilot's Avatar
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    Re: Democratic investigators target health insurers

    Quote Originally Posted by Redress View Post
    Yeah, that's it. It's a sekret plot of us liberals to get control over every one's lives. You caught us, I admit it.

    Gawd, do you even think before you post, or just figure since Rush told you it was true, it must be?

    I don't listen to Rush. He's a blow hard.

    I don't listen to Bobo. He's a fool.
    I came into this world fighting, screaming and covered in someone else's blood. I have no problem going out the same way.

  4. #44
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    apdst's Avatar
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    Re: Democratic investigators target health insurers

    Quote Originally Posted by SouthernDemocrat View Post
    Its rather overcast right now, and if it's your contention that any bill in committee right now before congress would nationalize the health care system then please quote the sections of the bill that would place all health care providers under the government's employ and would extend some kind of a single payer system to all Americans.
    PBO has stated that single-payer is the goal.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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