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Thread: US: Medicare to hit financial woes sooner than expected

  1. #11
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    Re: US: Medicare to hit financial woes sooner than expected

    Sorry to report Obama care will only cost us all even more and contribute to destroying our economy more then Obama has done so far.


    The medical community is in need of sensible logical reform that addresses the real problems, like malpractice reform.

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    Re: US: Medicare to hit financial woes sooner than expected

    Quote Originally Posted by cpwill View Post
    Except of course, for that aforementioned Medicare part D, which - because it utilized market forces and competition - is the only such Government program in our history to come in at 40% under projected costs
    Although, Part D may be less bad than Parts A and B with respect to long-term imbalances, it is still bad. It has a perpetual horizon $17.2 trillion unfunded liability, which exceeds the $13 trillion Social Security imbalance. That Part D's enormous unfunded Liability is half of those associated with Parts A and B doesn't take away from its playing a substantial part in the nation's long-term fiscal situation. IMO, it was a strategic error to adopt Part D in its current underfunded form, especially when the rest of the Medicare program was in such bad long-term shape.

  3. #13
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    Re: US: Medicare to hit financial woes sooner than expected

    Oh, agreed that it's still unfunded, and still very much not a net benefit for our national fisc. I simply think the fact that it came in so incredibly under budget should serve us as an impressive example of the power of putting market pressure on the healthcare/insurance industry - and provides us with an example of a structure that we can use in the future to reduce healthcare costs and expenditures.

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    Re: US: Medicare to hit financial woes sooner than expected

    1. the entire intent and purpose of obamacare was to address this chronically adverse cost trajectory, instead we're 5 years worse

    2. it's been almost exactly two years since the party in power, in the white house and the senate, even proposed an itemized budget---in times like these

    3. republicans, say what you will, passed hr1 in february and reid's senate as well has been sitting on ryan's proposal, showing no sign of movement up nor down nor sideways

    4. there's a reason the party of pelosi can't put pen to paper and therefore never will, think about it

    5. hint---listen to everything kent conrad has to say

    6. so far, all you'll hear, and there's precious little, is angst

    7. search "conrad" at politico, you'll see

    8. america is beginning to perceive very clearly that the disposition of this govt pertaining to budgets is one of permanent paralysis

    9. america sees we're in crisis, america yearns for leadership, that's gonna require a change at the top

    10. if something isn't done imminently to fundamentally restructure our budgets our big 3 social programs (as well as state pensions) will soon cease to exist in their current forms

    no spin, wynn

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    Re: US: Medicare to hit financial woes sooner than expected

    today:

    The Catholic Church is weighing in on the contentious House budget debate.

    The president of the U.S. Conference of Catholic Bishops sent Budget Committee Chairman Paul Ryan a letter yesterday commending his "continued attention" to Catholic social justice “in the current delicate budget considerations in Congress.”

    "The budget is not just about numbers,” Archbishop Timothy M. Dolan wrote in the letter. “It reflects the very values of our nation. As many religious leaders have commented, budgets are moral statements."

    In the two-page letter, Dolan did not come out and expressly endorse the budget, insisting that he’s a pastor, “not a politician.”

    But he praised Ryan’s attention to fiscal responsibility, the role of the family, the dignity of the person and human life and attention to the poor.

    The letter also clearly disputes one of the chief rallying cries against the budget: That it would hurt the poor to benefit the rich.

    “In any transition that seeks to bring new proposals to current problems in order to build a better future, care must be taken that those currently in need not be left to suffer,” Dolan wrote. “I appreciate your assurance that your budget would be attentive to such considerations and would protect those at risk in the processes and programs of such a transition. While appreciating these assurances, our duty as pastors will motivate our close attention to the manner in which they become a reality.”
    Paul Ryan gets boost from Catholic bishops - Jennifer Haberkorn - POLITICO.com

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    Re: US: Medicare to hit financial woes sooner than expected

    Quote Originally Posted by MrVicchio View Post
    It was created by politicians making promise with our generations money, our children's money, and our grandchildren to be's future in return for votes from a selfish lazy populace.
    So?? Selfish and lazy is what you call people that have worked all their lives and are not retired.. What will we get to call you?? You would be wise to not insult the american people.. Your not making any points in arguement.. Except of course showing us all who really is selfish and lazy..
    Last edited by DemonMyst; 05-19-11 at 10:01 PM.

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    Re: US: Medicare to hit financial woes sooner than expected

    what would you call taking the easy way out and writing a humongous check and making it chargeable to your children, in order to keep unsustainable entitlements for yourself?

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