The Association of American Physicians and Surgeons describes key problems with Medicare. But of course any kind of "Medicare for All," or Medicare Part E (E for everyone, get it?!) will have these problems. Of course not.
It is structured as a Ponzi scheme.
Its low administrative costs are a mirage.
It is ...
Writes Grace-Marie Turner in the Wall Street Journal:
Massachusetts is a problematic model on which to base federal health-care reform because the state relies heavily on Medicaid. Washington in 2008 agreed to provide the state with $10.6 billion over three years as part of its Medicaid waiver request, which allows the ...
A wonderful post by John Goodman:
Competition from a “Public Plan”: What to Expect
60 Minutes: Medicare fraud is $60 billion a year
YouTube versions w/o commercials: Part 1, Part 2.
GAO: Medicaid fraud was $33 billion in 2007 alone [page 32]
Fortune Magazine: The top 14 insurers earned $8.6 billion last year
These figures per ...
The Wall Street Journal has a good summary of how government programs always exceed their spending estimates. Here's a chart:
The article concludes:
The lesson here is that spending on nearly all federal benefit programs grows relentlessly once they are established. This history won't stop Democrats bent on ramming their entitlement into ...
Critics of non-government insurance complain that such companies deny claims, and imply that this would never happen with government-run insurance such as Medicare. In a previous post I pointed out that in Massachusetts, Medicaid denies a higher percentage of claims than non-government insurers.
According to the American Medical Association's 2008 Health ...
Unfunded liabilities from Medicare and Social Security cost each U.S. household the cost of raising two children. ObamaCare adds one-third of a "government kid."
(Via Paul Gessing at StateHouseCall.)
Advocates of more government-run health care point to Medicare as successful example. "It's popular!" they say. Vince Carrol points out one likely reason in his Denver Post column:
"The reason for Medicare's attractiveness to seniors is not hard to find," writes Professor Mark Pauly of the Wharton School at the University ...
Paul Gessing is president of the Rio Grande Foundation has written a good article summarizing some problems with Medicare and why "Medicare for all" would be a disaster. They include:
"Medicare's expected future obligations exceeded premiums and dedicated taxes by an astounding $89 trillion. That's about 5 1/2 times the size ...
The Heritage Foundation has a new report: Medicare Administrative Costs Are Higher, Not Lower, Than for Private Insurance. Ross Kaminsky has a nice summary of this in his post, Taking apart the Medicare "efficiency" myth. This is good to know, but let's look at the big picture. As I have ...
From the Northern Colorado Business Journal:
Bill Ritter today announced a plan that would trim about $320 million and reduce state jobs by about 267 positions in an effort to balance Colorado's budget.
Among the cuts are $18.5 million in savings to the state's Medicaid program, in part through a 1.5 percent ...
