Tag Archives: Medicare

Why a Dem win in NY spells trouble for the debt ceiling

This AM I tweeted this on the NY Rep. Race: Mediscare wrks as Dems take NY Rep House seat. Lesson: nvr put a plan fwd tht can b criticized. It wrked in 2008 and it works agn in 2011.

Here’s the scoop on Social Security, Social Security Disability and Medicare. In order, they run out of reserves on 2038, 2018 and 2024. Currently, they are paying out more than they take in and to cover the shortfall they drain their excess reserves. Let’s say they are overspending by around 20%. This means that on those dates, the funds can only … …READ MORE

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Health Care Weighs In at 2074 Pages!

Congratulations Sen. Reid, it’s a 2074 page Health Care Bill! Here are the Fun Facts:

Spending: The cost of the bill is $2.5 trillion over 10 years of full implementation (2014-2023).

Taxes Increases: Taxes will go up $493.6 billion—nearly half a trillion dollars.

Medicare Cuts: Medicare will be cut $464.6 billion—another half a trillion dollars.

Public Option: The bill includes a government run plan and provides states with the possibility of opting out of participating in that plan. According to CBO, the government run plan “would typically have premiums that were somewhat higher than the average premiums for the private … …READ MORE

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Back In the Saddle

I’m back and apologize for the absence……

There’s a lot O’ Stuff going on in the world this weekend, but a paucity of decent articles….

#1 The NYT has an excellent artcile on Medicare in the Economic View section.  Since there has been a ton of press and Obama administration push to spend more money upfront to “fix” healthcare, it’s good for someone to encapsulate what the problem is: 

“It’s also hard to convince the American public that the solution to insufficient health insurance is to tax health insurance. And such a one-time tax increase would postpone but not eliminate the … …READ MORE

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