A modest proposal to use FICA-style tax withholding as a transition to “Medicare for All” Probably the foremost reform advanced by the Democratic Party at present is “Medicare for All.” Personally I don’t particularly care whether it is ultimately necessary to have single payer (like Canada) or universal coverage (like France or Germany) or a […]
After instituting a $1.5 trillion tax cut and after signing off on a $675 billion Defense budget, Senate Majority Leader Mitch McConnell said yesterday, Tuesday, October 16, 2016; “The only way to lower the record-high federal deficit would be to cut entitlement programs like Medicare, Medicaid and Social Security.” More McConnell: “It’s disappointing but it’s […]
AARP notes a planned reduction in Medicare funding. I have not hear much from them as in times past. If you read through the umpteen pages of the Senate tax bill, you won’t find a clause that says it dramatically cuts Medicare spending. But the effect of the legislation being debated this week would be […]
The PayGo law forbids bills which increase the national debt. Unless it is repealed or waived, the Republican tax cuts would cause automatic sequestration of, among other funds $ 25 billion from Medicare. This is an excellent as usual Vox Explainer by Tara Golshan It all comes down to the “pay-as-you-go,” or PAYGO, rule — […]
In the comments section of an earlier post (1/3 of Medicare is Wasted), Maggie Mahar had stated to everyone; “Medicare Does Not Pay for Itself.” This is what I meant by that comment: “For more than a decade the federal government has borrowed to pay for the rising cost of Medicare. Debt-financing of Medicare will […]
This was initially posted at Angry Bear September 14, 2014 by Maggie Mahar of Health Beat A little history: Dan and I invited Maggie Mahar to write at Angry Bear Blog as I was covering much of the Healthcare debate and Maggie could add much more in-depth knowledge and analysis of healthcare than I could. […]
Alan Greenspan, the former chairman of the Federal Reserve, weighed in last week on one of the pressing issues facing the incoming Trump administration and the country — slow economic growth. Greenspan’s explanation is novel and bound to be controversial. To preview: He blames the welfare state and overall uncertainty for the slowdown. … By […]
Bill Clinton had a line during his 1992 campaign that he said, mantra-like, so often in fact that eventually it lost its meaning and was just a cringe-inducing song-like chorus. The line, the slogan, was, “People who work hard and play by the rules.” It was—until he repeated it to a point well beyond when people […]
At 1:30 EDT the Trustees of Social Security will hold a media availability at which they will release the 2015 Social Security and Medicare Reports. If past practice holds the Reports will be released on line at or before that time in both a web (HTML) format and in PDF. Assuming past file name conventions […]
The things we have in this country were given to us by God, not by government. — Perry: Government isn’t your savior, Nick Gass, Politico, today Social Security and Medicare were given to us by God? Who knew? The highway system, sewer and water systems, airports and air traffic control, operation of shipping ports, public […]