Medicare: unfair, inefficient, fraudulant, costly

Tuesday, November 17th, 2009

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 ...

Why Medicare is popular

Thursday, September 10th, 2009

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 ...

‘Medicare for All’ Will Bankrupt the United States

Monday, September 7th, 2009

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 ...

Adminstrative costs: Medicare vs. insurance companies

Thursday, February 19th, 2009

Advocates of "Medicare for All" like to point out that Medicare's lower administrate costs justify a government-run health insurance program that everyone is eligible for.  Even if the costs were lower, it's a non-sequitur.   First off, administrative costs can be good.  Medicare pays for just about everything, resulting in much ...