Friday, July 15, 2011

Medicare In As Much Trouble As GOP Says?

Posted at Jobsanger by Ted McLaughlin: I think all of us can agree that Medicare is in need of some help.
The program works as well as any government program in that it gives all of America's elderly citizens health care coverage. This is what the program was designed to do, and it does it very well.

... The Republicans want us to think the program is in such bad trouble that it cannot be fixed, and if we don't make substantial changes it will soon be bankrupt and won't be able to cover any elderly citizens. And by substantial changes they mean the program must be abolished for everyone now under 55 years of age.

... Let me put this as gently as I can -- what an outrageous load of horse manure! Does Medicare need more funding? Yes. Is it about to implode? No, not at all -- at least not unless the Congress fails to do its duty and adequately fund it. The truth is that the Republicans have never liked Medicare. They believe health care is not a right, but a commodity which should only go to the people who have the money to pay for it. And they, with the cooperation of too many Democrats, have been underfunding the program for many years now.

... According to the Center for Economic Policy and Research, the Medicare system could be fixed for at least the next 75 years with a cash infusion amounting to less than 0.4% of GDP. And how much is that? About one quarter of the money we have spent on the wars in Iraq and Afghanistan!

... Isn't it amazing that the Republicans can't find the money to fix Medicare to protect ALL of America's elderly citizens, but they have no trouble coming up with the money [to not only continue Pres Bush's massive tax breaks for millionaires and billionaires, but give them even more tax cuts?

Read the full post at Jobsanger Blog...

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