Dan Calabrese
April 9, 2009
How to Prevent the Coming Medicare/Medicaid Disaster
You think it would be horrible if we went to a single-payer health care system? I’ve got news for you. We already have one. And it’s a hell of a problem.
Forty-four years ago, the government of the United States passed a law promising to cover the health care costs of senior citizens and assorted others. Medicare is socialized medicine – covering everyone 65 and older. Medicaid is an even more complicated jumble. Funded by the federal government but administered by each of the 50 states, it serves to cover health care costs for various eligible constituencies.
But if you focus on Medicare alone, you quickly get the sense of the fiscal disaster awaiting the country. All you have to do is apply the laws of supply and demand.....
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