Every sentient American knows that Medicare is a fiscal disaster, and that the
program must either be reformed or terminated. The Medicare Trustees recently
released a report that indicated Medicare is five years closer to bankruptcy
than it seemed a year ago. But, as Yuval Levin points out, the news is
actually much worse than that:
> [T]he real shocker in this year's report is a letter that the chief actuary
of Medicare attached to the very end of the report, basically saying that
things are much worse than the trustees suggest. The letter (which starts on
page 265 of the document and pretty much makes the prior 264 pages moot) first
says that the trustees were compelled to adopt some near-term assumptions that
are highly implausible....
>
> Then it says that Obamacare, because it calls for across-the-board cuts in
Medicare funding but does not put in place the market mechanisms for
encouraging greater productivity in health care, spells disaster for Medicare
providers, and therefore for Medicare recipients....
>
>> For these reasons, the financial projections shown in this report for
Medicare do not represent a reasonable expectation for actual program
operations in either the short range (as ...
Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/91508161?client_source=feed&format=rss
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