Let's Expand An Already-Bankrupt System

More from the Chronicle:  in response to this editorial chastising Sen. Joe Lieberman's opposition to expanding Medicare eligibility, I sent the following letter:

re:  Say it ain't so, Joe

In advocating the expansion of Medicare to include 55-64 year-olds, the Chronicle editorialists seem to be ignoring reality; at the very least, they are certainly not reading the reports published by the Medicare program's own Board of Trustees, and apparently not reading their own editorials:  while simultaneously calling Medicare a "proven, workable program" that is "praiseworthy" and "cost-effective", they note in "Biting the bullet" that cuts of $460 billion are necessary due to "inefficiency and waste".

The report of the Medicare Trustees (available at www.ssa.gov) does not paint a picture of Medicare as "workable" or "cost-effective"; rather, it states that "projected long run program costs are not sustainable under current program parameters" [emphasis added].  Again in 2009, Medicare is "expected to pay out more in hospital benefits and other expenditures this year than it receives in taxes and other dedicated revenues" — that is, Medicare isn't self-sustaining, but rather must rely on general fund tax revenues.

It defies common sense to expand a program that is running deficits under its "current program parameters" and has trillions in unfunded liabilities — a program that, were it a private business, would be seeking bankruptcy protection and face the ire of lawmakers and editorial boards.

Sincerely,
Dave Smith
Houston, TX

 del.icio.us  Stumbleupon  Technorati  Digg 

 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this entry.
Comments
  • No comments exist for this entry.
Leave a comment

Submitted comments will be subject to moderation before being displayed.

 Enter the above security code (required)

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.