Comment

GOP Medicare Meltdown Watch

142
allegro5/17/2011 12:44:00 pm PDT

re: #132 martinsmithy

I’m enjoying the GOP meltdown over medicare as much as anybody, but medicare itself is slowly melting down, and is unsustainable with current revenues and levels of service provided. The most recent trustee’s report states that the trust fund will not have sufficient funds to pay expenses starting in 2024.

To make medicare solvent on a long-term basis again, we must either:

1. Raise taxes, or

2. Reduce services.

The Republicans have found out how toxic option 2 is. I fear the Democrats, if they proposed a tax increase to pay for medicare, would find out how toxic option 1 is.

How about option 3? Make Medicare available to all. Negotiate pricing with pharma and other medical providers to bring down prices.

There ya go.