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

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    US: Medicare to hit financial woes sooner than expected

    From MSNBC:

    Two of the government's most popular programs for the elderly, Medicare and Social Security, are set to run out of money sooner than projected a year ago, according to a government report on Friday that ratchets up pressure to find a long-term fix for the U.S. budget...

    Their annual report said Medicare will exhaust its funds in 2024 rather than in 2029, reflecting rapidly rising health care costs. They said Social Security will exhaust its reserves in 2036, a year earlier than forecast a year ago.
    US: Medicare to hit financial woes sooner - Politics - More politics - msnbc.com

    This latest news provides additional support for reforming the programs so as to make them actuarily and financially sound.

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

    I'm not sure we should had needed "additional support". When we're $1trillion or more over budget every year, several years in a row it's kind of hard to say we actually have the money to cover any of the programs we're providing or services we're offering through the Fed.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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

    Quote Originally Posted by donsutherland1 View Post
    From MSNBC:



    US: Medicare to hit financial woes sooner - Politics - More politics - msnbc.com

    This latest news provides additional support for reforming the programs so as to make them actuarily and financially sound.
    They can never be made financially sound. The system needs to be dismantled, not "reformed". 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.
    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.



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

    they can be reformed in a way to make them individually based and thus self-financing.

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

    Quote Originally Posted by donsutherland1 View Post
    From MSNBC:



    US: Medicare to hit financial woes sooner - Politics - More politics - msnbc.com

    This latest news provides additional support for reforming the programs so as to make them actuarily and financially sound.
    This is undoubtedly due to the Republicans Medicare Part D legislation which prevents Medicare to negotiate drug prices like the Veterans Administration does.


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

    Quote Originally Posted by pbrauer View Post
    This is undoubtedly due to the Republicans Medicare Part D legislation which prevents Medicare to negotiate drug prices like the Veterans Administration does.
    It's always the other guys fault, huh. Especially for liberals like you.

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

    Quote Originally Posted by pbrauer View Post
    This is undoubtedly due to the Republicans Medicare Part D legislation which prevents Medicare to negotiate drug prices like the Veterans Administration does.

    Yeah, undoubtedly....

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

    Quote Originally Posted by pbrauer View Post
    This is undoubtedly due to the Republicans Medicare Part D legislation which prevents Medicare to negotiate drug prices like the Veterans Administration does.
    Medicare Part D clearly exacerbated an already bad long-term situation, adding to imbalances that were already enormous. IMO, rather than worrying about who was responsible for what aspect of Medicare's problems, today's policymakers should have the courage to make the choices necessary to begin to fix the program. The sooner that effort begins, the less difficult achieving the desired results will be. Right now, though, I don't believe a sincere discussion on Medicare is likely. Instead, the parties will make their positions known, but the difficult political negotiations to devise new policies will very likely not be undertaken until after the 2012 election, if not later. In the meantime, if the findings of the recent Washington Post poll persist, the American people will generally oppose any changes to the program even as its financial situation grows more dire.

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

    Another reason why I do not trust the national government to run things. Usually the programs run into financial ruin.
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    Re: US: Medicare to hit financial woes sooner than expected

    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

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