If you are sure that Medicare is failing, presumably you also know what you would do about that.
Yes I do.
"
Modernize the Medicare Program to Meet the Demographic, Fiscal, and Structural Challenges. Established in 1965, Medicare is a government health care program for seniors over the age of 65 and some disabled. Medicare is facing major challenges. It is generating trillions of dollars in long-term debt. It must cope with an enormous demographic shift as America’s aging population is growing steadily; it is funded by a workforce that is shrinking relative to the size of the rapidly growing population of retirees; and it is saddled with an outdated design, based on price controls and central planning, that contributes to its inflexibility and sluggishness. Incredibly, traditional Medicare still fails to meet the most basic test of insurance: the protection of patients from the financial devastation of catastrophic illness.
Rather than reform Medicare, Obamacare imposes hundreds of millions of dollars of cuts on Medicare providers, and redirects these Medicare savings to offset Obamacare’s costly new entitlement programs. Policymakers should look to transform Medicare from its 1960s style defined-benefit structure, which is financially unsustainable, to a defined contribution (“premium support”) model of financing.
Under this model, seniors would receive the value of their Medicare benefits in the form of a government contribution to purchase the private health insurance plan of their choice. It would also allow more dependable budgeting for both seniors and the government and inject the powerful free market forces of choice and competition into the program to meet the needs of today’s seniors."
Now go back to your pot.
Markle, having spent 50 years as a health insurance executive, I am constantly amazed at the level of ignorance that I encounter every day on this subject. In your case, it is so profound that I would hardly know where to begin.
But, this part of it is so simple that even you can understand it. In any health plan for seniors, the cost of prescription drugs make up between 16% to 20% of the total claims cost.
Baby Bush added RX to Medicare with absolutely no offsetting revenue.
From a personal perspective, I have always appreciated the Republican economic initiatives. Unfortunately, like Reagan's tax cuts, they make no sense of a macroeconomic scale.