ACA/Obamacare: So You Think ACA is Too Expensive to Maintain…Try Medicare on for Size

"The Trump Administration has promised to deliver to the American people a healthcare plan that is, in President Trump’s own words, “much less expensive and far better” than Obamacare. But While Obamacare is expected to spend over $900 billion from 2018 to 2027, focusing solely on the Obama administration’s signature achievement ignores bigger fiscal challenges; Namely, the Medicare program.

Our insurance program for the elderly and disabled – Medicare – is expected to cost $900 billion in 2024 alone. From 2018 to 2027, this comes to a whopping $8.5 trillion—an order of magnitude larger than the cost of the ACA. Beyond the topline price tag are a number of endangered programs.

Medicare’s hospital insurance trust fund, commonly known as Part A, is expected to run out of money in the next 10 years. This would mean an immediate reduction in benefits when the money runs out—2028, according to the program’s actuaries. Meanwhile, the funds that Medicare uses to pay for physician services (Part B) and prescription drug benefits (Part D) are consistently growing as a share of revenue". - Repeal & Replace: Missing the Medicare Forest for the Obamacare Trees, realclearhealth.com, 02/24/2017

Link to the entire article appears below:

http://www.realclearhealth.com/articles/2017/02/24/repeal__replace_missing_the_medicare_forest_for_the_obamacare_trees_110464.html?utm_source=RCP+Morning+Note&utm_campaign=8da8cfe47f-EMAIL_CAMPAIGN_2016_11_11&utm_medium=email&utm_term=0_a4db5f2336-8da8cfe47f-84790497

　


　

Thomas Sowell - The Future Of Social Security

Greek Debt Crisis, US Entitlement Crisis and Through the Looking Glass

Say one were to describe the Greek debt crisis and associated politico negotiations regarding over spending by use of debt and the subsequent austerity measures as well as the bail-out time line. One would be attempting to describe the ongoing, rolling, on-again-off-again, never seems to be resolved crisis. One might go on to write a 2,500 word essay describing the situation.

Further, if one were to describe the US entitlement crisis and associated politico negotiations regarding the tens of billions of dollars of unfunded liabilities -one would yet again be attempting to describe the ongoing, rolling, on-again-off-again, never seems to be resolved crisis. Once again, a 2,500 word essay describing the situation might be called upon.

-Or- one might seek an existing compact and succinct description if such description existed.

Why create a 2,500 word essay when the following exists:

"It's very good jam," said the Queen.
"Well, I don't want any to-day, at any rate."
"You couldn't have it if you did want it," the Queen said. "The rule is jam tomorrow and jam yesterday but never jam to-day."
"It must come sometimes to "jam to-day,""Alice objected.
"No it can't," said the Queen. "It's jam every other day; to-day isn't any other day, you know."
"I don't understand you," said Alice. "It's dreadfully confusing."
-Through the Looking Glass.