Medicare is going broke

image credit: nextavenue.org

Betsy McCaughey has been one of the most informed critics of healthcare policy ever since Obamacare reared its ugly head. Her latest column at American Spectator sounds the alarm over Medicare Part A and the Democrat candidates’ promises of Medicare For All (titled "Democrats To Seniors: Drop Dead”):

Medicare is going broke,
and the Dems’ presidential candidates couldn’t care less

Baby boomers beware. If you’re in your 50s or 60s and you’re counting on Medicare to pay your future hospital bills, you’re in for a shock. Medicare Part A — the fund that pays hospitals and nursing homes — is running out of money. A mere seven years from now, it will no longer have enough to pay your providers’ bills in full. 

The Medicare Trustees sounded the alarm in June, urging Congress to act “as soon as possible” to protect people “already dependent” on the program.

Good advice, but don’t expect most politicians to take it. The Democrats running for president are in fantasy land, proposing to expand Medicare to millions of younger people or even to the entire population through “Medicare for All.” Never mind Medicare’s insolvency. That’s like a family that can’t pay its mortgage out shopping for a mega-mansion.

. . .

Currently, Trump is using his only option. He’s reducing benefit costs. Any other remedy would require Congress’ cooperation, which is unlikely.

Meanwhile, Bernie Sanders, Elizabeth Warren, and other backers of Medicare for All are making big promises with no way to pay. 

Read the rest here.

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